Oct 28, 2025
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American Bitcoin Surges 11% After $163M Bitcoin Purchase
- American Bitcoin ($ABTC), backed by Donald Trump Jr. and Eric Trump, increased its Bitcoin holdings by 1,414 BTC, now holding a total of approximately 3,865 BTC valued at $446M.
- The company uses a Satoshis per Share (SPS) metric to indicate the amount of Bitcoin backing each share, enhancing transparency for investors.
- $ABTC's stock rose by over 11% following the announcement, indicating strong investor interest.
- Bitcoin's price is up 4.7% over the past week, nearing $115K, suggesting positive momentum in the crypto market.
Emerging Altcoins:
- Bitcoin Hyper ($HYPER): A new Layer-2 solution aiming to enhance Bitcoin's transaction speed and cost efficiency by integrating with Solana’s virtual machine.
- PepeNode ($PEPENODE): A 'mine-to-earn' project offering meme coin rewards through gamified mining operations.
- World Liberty Financial ($WLFI): A Trump-themed DeFi ecosystem blending meme-coin energy with treasury-backed protocols, recently gaining traction with a trading volume surge.
The expansion of American Bitcoin's treasury underscores increasing institutional interest in cryptocurrency, while altcoins like $HYPER, $PEPENODE, and $WLFI may benefit from this growing market enthusiasm.
