Trump-Linked American Bitcoin Surges 5% After Purchasing 1,414 BTC

American Bitcoin Corp. (NASDAQ:ABTC) climbed more than 11% on Friday to close near $5.62, and extended gains pre-market Monday, up 5% to $5.88, as investors responded to fresh treasury disclosures showing the company’s Bitcoin (CRYPTO: BTC) holdings rising to 3,865 BTC.

Eric Trump Expands Bitcoin Treasury

The Miami-based Bitcoin accumulation firm said it added 1,414 BTC to its balance sheet, bringing total reserves to 3,865 BTC as of Oct. 24. 

The update follows new disclosures about the company’s Satoshis Per Share (SPS) metric, designed to provide transparency into how much Bitcoin backs each share of …

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