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Trump-Backed Bitcoin Miner American Bitcoin Breaks Through 7,500 BTC Holdings This Week

GateNews

2026-05-22 03:30:58

BTC-0.74%

According to Odaily, Trump-backed Bitcoin miner American Bitcoin's holdings surged past 7,500 BTC this week (May 22), marking a significant milestone for the family-led mining operation.

Meanwhile, Bitcoin's broader network metrics weakened during the week of May 15–22. According to cloverpool, Bitcoin's network average hashrate fell 3 percent to 964.2 EH/s compared to the prior week's 994.3 EH/s. Bitcoin's average price declined 3.1 percent to $78,120, according to blockchain.com, down from $80,649 the previous week.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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