The post Trump-Backed American Bitcoin Jumps After $163M $BTC Buy – Could Altcoins Be Next? appeared on BitcoinEthereumNews.com.

What to Know: Trump-backed American Bitcoin ($ABTC) surged 11% after adding 1,414 $BTC ($163M) to its treasury, bringing total holdings to roughly 3,865 $BTC worth $446M. The company, backed by Donald Trump Jr. and Eric Trump, uses a novel Satoshis per Share (SPS) metric to show investors exactly how much $BTC backs each share. Among the best altcoins to watch in this rotation are Bitcoin Hyper ($HYPER), a Bitcoin Layer-2; PepeNode ($PEPENODE), a mine-to-earn meme project; and World Liberty Financial ($WLFI), the Trump-themed DeFi ecosystem. The Trump family has made another bold move in the corporate crypto world as the publicly listed treasury and mining firm American Bitcoin (ABTC) announced a 1,414 Bitcoin addition to its holdings. That’s roughly $163M at current prices and brings $ABTC’s total stash to about 3,865 BTC – approximately $446M. Backed by Donald Trump Jr and Eric Trump, American Bitcoin is the public-facing vehicle formed after a merger between Canadian miner Hut 8 Corp and Gryphon Digital Mining. In a media release, American Bitcoin emphasized that its business model goes beyond simply buying $BTC; it also mines the cryptocurrency directly, which the company says gives it a cost advantage over peers that purely purchase from the market. To drive the point home, ABTC relies on a metric called ‘Satoshis per share,’ or SPS. With 100M Satoshis per Bitcoin, ‘sats’ are the smallest unit of value in $BTC. By dividing the number of shares by the total number of sats in the Bitcoin it holds, ABTC can tell shareholders exactly how much $BTC their holdings represent. Following the announcement, ABTC’s stock rose by more than 11% in a single session, as the news resonated with investors hungry for exposure to public company-level crypto strategies. Bitcoin is up by around 4.7% in the past week, and sits…

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Filed under: News - @ October 28, 2025 2:28 pm