Eric Trump-backed American Bitcoin Raises Holdings to 4,004 BTC Amid Sell-off

American Bitcoin Corp. (Nasdaq: ABTC), backed by Eric Trump, has purchased 139 Bitcoin, increasing its total holdings to over 4,000 BTC. This move comes amid a market downturn influenced by the US government shutdown's adverse effects.

American Bitcoin's strategy includes both Bitcoin mining and market purchases.
A portion of their 4,004 BTC is from mining revenue and agreements with BITMAIN.

The Official Trump memecoin dropped 3% to $7.5, with a market cap of $1.5 billion, following the broader market trend.

Institutional Investors Amid ETF Outflows

Bitcoin ETFs saw $3.5 billion outflows due to rising short-term bond yields and delayed US government spending resolutions.
Despite this, institutional investors are seizing the opportunity to increase Bitcoin holdings.
Strategy raised its Stream Perpetual Preferred Stock offering to €620 million ($715 million).
Charles Schwab's Bitcoin ETF announcement led to a $239.9 million inflow as Bitcoin stabilized near $100,000.

Maxi Doge (MAXI) Presale Momentum

Maxi Doge, a dog-themed meme coin, raised nearly $4 million in its presale.
Features include staking rewards and partnerships for perpetuals-based trading.
Current price: $0.000266; Funds raised: $3.88 million; Ticker: MAXI.