#BTC MicroStrategy acquired an additional 13,390 bitcoins for $1.34 billion

MicroStrategy, the largest corporate holder of bitcoins, announced the purchase of an additional 13,390 bitcoins for $1.34 billion, increasing its total holdings to 568,840 bitcoins with a market value of approximately $59 billion. Despite the positive market reaction to the temporary reduction of U.S. tariffs on China, MicroStrategy's shares fell by 2.3% to $406.30. The company, linked to Eric Trump, is going public through a merger.

An American bitcoin mining company, founded with the involvement of Eric Trump and Donald Trump Jr., plans to go public on Nasdaq through a merger with Gryphon Digital Mining. After the merger, the new company will be called American Bitcoin and will trade under the ticker “ABTC.” The deal is expected to close in the third quarter of 2025.