American Bitcoin, a bitcoin mining company backed by the Trump family, has expanded its corporate treasury to more than 6,500 bitcoin, placing the firm among the largest publicly traded holders of the digital asset as it continues to scale its mining operations.

The company disclosed the updated holdings this week, with co-founder and chief strategy officer Eric Trump stating that the firm accumulated over 500 BTC during the past 21 days. At current market prices, the treasury stands near $470 million.

Data from Bitcoin Treasuries shows the miner now ranks about 17th among public companies that hold BTC on their balance sheets. The firm sits behind companies including Galaxy…

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