Bitcoin fell to a 10-month low in Asia trading Monday following a weekend selloff, with sentiment fragile amid broader market turbulence.

American Bitcoin, a Trump-family-backed miner, has grown its bitcoin holdings to about 5,843 BTC, making it one of the largest corporate holders.

Bitcoin’s entire Trump-era gains have been wiped out after the cryptocurrency was hit by a fresh market sell-off. The price of Bitcoin dropped sharply over the weekend to around $77,000 (£56,000) as investors fled the notoriously volatile asset.

American Bitcoin’s reserve growth places it ahead of GameStop and Nakamoto Inc. among corporate bitcoin holders.

During his 2024 U.S. presidential run, then-candidate Donald Trump promised to establish a strategic bitcoin reserve if he was elected for his second term in office after losing his reelection bid in 2020.

Donald Trump spoke at the World Economic Forum in Davos, Switzerland. The US president spoke of the importance of US crypto legislation. President Trump’s family has pushed further into the crypto world over the past year.

The president said he isn't concerned about the dollar's recent declines, sending the greenback plunging even lower.

Donald Trump's second term has seen a surprising departure from real estate.