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Trump-linked American Bitcoin Reaches 7,000 BTC as Shares Fall Into Penny Stock Territory

The company said it has accumulated 7,000 Bitcoin, while its stock price has dropped to levels commonly classified as penny stock territory.

Summary

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Terms & Concepts
  • Bitcoin treasury: A corporate strategy of holding Bitcoin on a company balance sheet as a reserve asset.
  • Penny stock: A low-priced share, typically associated with higher volatility and lower liquidity than larger listed stocks.