The amount of BTC that American Bitcoin keeps on-chain is an interesting data point. According to Arkham data, there is a position of over 6,000 BTC, which is an indicator of just how high Bitcoin dominance is. If you run the numbers at current prices, this mining operation’s holdings alone are worth more than $460 million. The growth of this operation, supported by the Trump family, shows how seriously institutional interest in Bitcoin has grown. Holding such large positions in the mining sector serves as a long-term confidence indicator for BTC. Especially in the context of BTC dominance, the influence of such players in the market is quite decisive.

BTC-0.43%
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