Eric Trump Says ABTC Has More Bitcoin Than GLXY – Stock Still Falls Amid Bitcoin’s Decline

• Eric Trump said on Wednesday that American Bitcoin Corp overtook Galaxy Digital in Bitcoin holdings.
• Both companies' shares fell on Wednesday after Bitcoin’s price dropped by nearly 4%.
• The Trump family has been significantly engaged in the crypto sector via World Liberty Financial.

Eric Trump, co-founder of Bitcoin (BTC) mining company American Bitcoin Corp (ABTC), announced that the company had surpassed Galaxy Digital (GLXY) in Bitcoin holdings on Wednesday.

In a post on X, Trump said “no company is climbing the ladder faster” than American Bitcoin, citing data from Bitcoin Treasuries, which showed ABTC was the 16th-largest corporate holder of Bitcoin, with 6,899 BTC valued at $492.31 million at current prices. The company’s BTC holdings surpassed the leading investment firm Galaxy Digital, which held 6,894 BTC.

ABTC shares were down about 1.42% in midday trade on Wednesday. On Stocktwits, retail sentiment around ABTC remained in the ‘neutral’ territory, as chatter around it also remained at ‘neutral’ levels over the past day. 

Meanwhile, Galaxy Digital shares took a bigger hit, falling by 3.55% on Wednesday. On Stocktwits, the retail sentiment around GLXY remained in the ‘neutral’ territory, as chatter levels around it remained at ‘high’ levels over the past day.

The decline in both crypto-linked equities came as Bitcoin prices also dropped around 3.7% over the past 24 hours, trading near $71,000. On Stocktwits, the retail sentiment around BTC remained in the ‘bullish’ territory, as chatter levels around it remained ‘normal’ over the past day. 

Trump-Linked Crypto Activity 

Through World Liberty Financial (WLFI), the Trump family has been heavily involved in the crypto industry. The project, since its launch in 2024, has moved into stablecoins and derivatives in decentralized finance.

In a separate post, co-founder of WLFI, Donald Trump Jr., said on Wednesday that its issued stablecoin USD1 had launched perpetual trading pairs on the Aster (ASTER) platform, a decentralized derivatives exchange. “This is how you scale stablecoin utility beyond just payments. Derivatives markets are massive, and USD1 just plugged into one of the best,” Trump Jr added. 

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