Brothers, I have to share a big scoop with you today!
The Trump family's "designated" mining company ABTC recently did something that shocked the entire crypto world: from July 1 to August 6, they quietly bought 1,726 Bitcoins, averaging $119,000 each, directly investing $205.6 million! Now they have 2,130 BTC on their account, which, based on the current market price, is a solid $254 million of "digital gold reserves"!
Even more astonishing, this operation is not a small-scale affair. ABTC is the direct child of Hut 8 Corp, which just completed a $220 million private placement at the end of June and is now actively advancing the merger listing with Gryphon Digital Mining—this has even been approved by the SEC, just waiting for the shareholder vote to start this month! In other words, the Trump family's capital landscape is about to shift from 'underground mining' to 'public listing'.
Looking at the technical side, BTC's performance in the past two days is even more interesting
From August 10 to 15, the K-line clearly oscillated above the strong support level of 121,120, and the green upward trend line acted like a 'stabilizing needle', firmly holding the price. The MACD indicator also shows favor—the DIFF line crosses above the DEA line, forming a golden cross, and the histogram (274.9) is red hot. Is this not a precursor to the bulls gearing up? The Fibonacci retracement line shows that the current price is just near the 38.2% retracement level, with 121,120 below marking the boundary between bulls and bears. Breaking this would be real danger, but with the current momentum, breaking through? Difficult!
The key point is coming:
Why is the Trump family crazily buying up now? Those who understand know that mining companies are the smartest capital—they need cash flow for mining, but they are more afraid of a crash in coin prices. ABTC daring to invest $200 million in BTC at this position sends one signal: they firmly believe Bitcoin is going to rise! Combined with their imminent listing actions, is raising reserve levels before the listing meant to tell a good story of 'Bitcoin faith + listing arbitrage' to the capital market? Or is the Trump team paving the way for post-election policies? After all, if the 'pro-crypto' Trump really makes a comeback, the compliance process for Bitcoin may hit the gas!
Finance Month thinks:
This wave is not a small rebound; it is institutional funds 'rushing to the front'! The 2,130 BTC from ABTC is equivalent to throwing a 'deep-water bomb' into the market—when traditional capital starts entering the market by 'stockpiling', it indicates that they have regarded Bitcoin as 'digital gold reserves', on par with gold and the US dollar. Coupled with the MACD golden cross and strong support, hitting $130,000 in the short term is not a dream, and it may even touch $150,000 by the end of the year!
Finally, a heart-wrenching point: many people are still struggling with 'is it a bull market', but smart money has already taken action. ABTC's $220 million financing, 2,130 BTC reserves, and the upcoming merger listing—do you think this is a coincidence? Remember, the crypto world does not believe in tears, only in real money.
By the way, tonight at 8 PM I will analyze the direct impact of ABTC's listing on BTC in the live broadcast, and I will also highlight key points on-site—can the upcoming key resistance level of 125,265 be broken? Will it surge and then fall back, or will it take off directly? If you want to know, hurry and follow, or you will regret missing it!