Trump Crypto Firm Now Holds $463M BTC in Bitcoin Treasury

• Trump-linked American Bitcoin has continued to mine and hold BTC.
• It holds Bitcoin valued at approximately $463.75 million.
• Strategy and Strive continued buying BTC this week.

The Trump crypto firm, American Bitcoin, has a BTC treasury value now close to half a billion dollars as it continues to mine and hold Bitcoin. Moreover, corporate Bitcoin treasury purchases have gained traction across the market.

The Trump Crypto Firm Takes Spotlight as BTC Holdings Surge

The company, which is affiliated with the U.S. President Donald Trump’s family, currently holds 6,899 BTC. The stash was worth about $463.75 million at press time, according to Arkham Intelligence data.

This Trump crypto organization is now the 16th largest Bitcoin treasury company in the world. The relocation puts it slightly ahead of Galaxy Digital, which holds 6,894 BTC. Moreover, GD Culture Group seems to be the next target with 7,500 BTC on its balance sheet.

The new move contributes to the ongoing Trump crypto activity as World Liberty Financial, also linked to the U.S. President, continues to make further strides. The Trump crypto initiatives around WLFI could soon include AI, according to a teaser post on X.

What’s Happening with BTC Price?

Despite the Trump news around BTC, the market mood remained ambiguous. According to crypto analyst Michaël van de Poppe, “The crypto market is currently experiencing ultimate boredom”. BTC price is still stuck in the range (good bounce!), but no clear direction.

Nonetheless, he also flagged short-term volatility. Poppe noted, “It’s Friday, expect volatility at the end of the day”. Bitcoin price is consolidating after a severe correction that took it below $90,000.

Poppe’s charts indicate a steep drop followed by a gradual recovery, with price holding a higher low near the $65,000 region. This could act as support. Meanwhile, the resistance seems to be concentrated around the $76,000-80,000 range.

A second graph comparing Bitcoin and gold on a monthly basis is indicative of a larger macro trend. Poppe argued that the BTC-to-gold ratio has already formed a bullish engulfing pattern, which is typically observed at the bottom of the market.

He wrote, “The valuation of $BTC vs. Gold provides a monthly engulfing and shows strong signs.”

Still, he warned that comparable arrangements in 2022 were preceded by further declines because of the FTX failure. Whereas, previous cycles in 2015, 2018, and 2020 marked bear market bottoms, with no significant negative events like FTX influencing the market.

Companies Continue Accumulating Bitcoin Amid Trump News

In the meantime, the institutional demand keeps increasing even outside of Trump crypto developments. Strategy (previously MicroStrategy) had accumulated 761,068 BTC, buying 22,337 BTC at an average price of $70,194 between March 9 and March 15.

This reduces the gap between the BlackRock iShares Bitcoin Trust. BlackRock currently possesses 785,308 BTC, or 20,240 BTC more than Strategy.

Moreover, Vivek Ramaswamy’s Strive recently acquired 317 BTC valued at around $23 million at an average price of $72,555 per BTC. It now holds a total of 13,628 BTC, which is nearly double that of the Trump crypto company.

In less than six months, the company has strongly positioned itself against other Bitcoin treasury companies. It used private placements, buying, and equity issues. It has raised more than $250 million through its own SATA Preferred Stock Program.

Bitcoin itself has increased by 4.5% percent in the last week, exchanging around $70,338.46 at press time. The recovery can be explained by sustained institutional inflows, as long-term holders remain in charge of about 60% of the Bitcoin supply.