Trump-backed American Bitcoin hits 8,000 BTC as ABTC stock rebounds

Strategy sold more Bitcoin, but Grayscale believes that the move will "restore confidence in its financing structure" and help BTC "find a more durable bottom."

“Investors are now more confident about the instrument,” said Grayscale’s Zach Pandl regarding STRC, which reclaimed $90 for the first time in three weeks.

Trump’s Bitcoin reserve plan hits legal hurdles as Treasury and Commerce debate control of seized BTC, Bloomberg reported July 6, 2026.

BTC is trading at a two-week high after it reached the $64,000 level in early trading on Tuesday morning.

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