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The president of American Bitcoin, a Bitcoin mining company associated with Trump, has resigned to join an AI energy infrastructure company

According to CoinDesk, American Bitcoin (ABTC), a Bitcoin mining company associated with the Trump family, announced that President and interim Chief Financial Officer (CFO) Matt Prusak will leave on August 4 to join AI and energy infrastructure company Giga Energy as Chief Business Officer and interim CFO.Prusak stated that after "years of building the Bitcoin business," he will shift to the upstream energy infrastructure sector, focusing on the current power supply issues that limit the development of Bitcoin mining and AI computing.American Bitcoin was co-founded by Eric Trump and supported by Hut 8, and it is a publicly traded Bitcoin mining company listed on NASDAQ. Prusak was previously responsible for driving the company's Bitcoin accumulation strategy, including expanding hash power and increasing the BTC holdings per share.Giga Energy, headquartered in Houston, primarily develops power equipment and AI data center infrastructure. The company stated that it has delivered over 6.5GW of power infrastructure and is developing over 500MW of AI data center capacity.Industry insiders believe that Prusak's transition reflects the accelerating migration of the Bitcoin mining industry towards the AI infrastructure sector. As competition in the mining business intensifies and profit margins are pressured, more mining companies are beginning to leverage their own power resources, land reserves, and data center capabilities to enter the AI computing infrastructure market.As large tech companies compete for power and data center capacity, energy supply has become a core bottleneck for the expansion of AI computing, and companies with the ability to integrate power resources are gaining more attention.

Data: The net buying of global listed companies surged to $1.16 billion in a single week, with Strategy reducing its holdings by 1,638 BTC, cashing out $105 million

According to SoSoValue data, as of 8:00 AM Eastern Time on August 3, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $1.16 billion, an increase of 7,186.43% compared to last week.Strategy generated approximately $105 million on August 3 by selling 1,638 Bitcoins at a price of $63,957, reducing its holdings to 842,138 Bitcoins, and spent $81.2 million to repurchase 912,143 shares of STRC preferred stock.The Japanese listed company Metaplanet did not purchase Bitcoin last week, marking three consecutive weeks without purchases.In addition, five other companies purchased Bitcoin last week. Ethereum asset company Bitmine announced on July 27 that it purchased 1 Bitcoin, without disclosing the specific purchase amount, bringing its total holdings to 208 Bitcoins; asset management company Strive announced on August 3 that it spent $1.26 million to purchase 20 Bitcoins at a price of $63,191, bringing its total holdings to approximately 20,020 Bitcoins; Brazilian Bitcoin company OrangeBTC announced on August 3 that it spent $1.9933 million to purchase 30 Bitcoins at a price of $66,443, bringing its total holdings to 3,948 Bitcoins; UK Bitcoin company The Smarter Web Company announced on August 3 that it invested $750,000 to purchase 11.89 Bitcoins at a price of $63,328, bringing its total holdings to 2,712 Bitcoins; French Bitcoin company Capital B announced on August 3 that it purchased 1 Bitcoin at a price of $64,601.90, bringing its total holdings to 3,140 Bitcoins.As of the time of publication, the total amount of Bitcoin held by global listed companies (excluding mining companies) is 1,138,643 Bitcoins, a decrease of 0.07% compared to last week, with a current market value of approximately $71.42 billion, accounting for 5.7% of Bitcoin's circulating market value.

BlackRock launches two tokenized currency funds to expand its blockchain cash management strategy

Asset management giant BlackRock has announced the launch of two tokenized money market products, further expanding its blockchain-based cash management business, including the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV).BlackRock stated that the new products will combine the liquidity and stability of traditional money market funds with blockchain infrastructure, providing institutional investors with more flexible cash management tools between traditional finance and digital asset markets.Among them: BSTBL will launch tokenized shares based on Ethereum on the existing money market fund. These on-chain shares can be transferred between approved wallets in compliance with regulatory requirements. BNY Mellon will serve as the transfer agent and tokenization service provider for BSTBL. BRSRV is a new type of tokenized money fund designed for digitally native institutional investors, supporting daily dividend reinvestment and multi-blockchain access, applicable to various digital asset scenarios including stablecoin reserve management. Securitize will act as the transfer agent and tokenization service provider for this fund.Both products invest in cash, short-term U.S. Treasury securities, and overnight repurchase agreements backed by U.S. Treasury securities, aiming to generate returns while maintaining principal stability and liquidity. As of now, the cash strategy assets managed by BlackRock's cash management group are close to $1.1 trillion, covering a variety of investors including corporations, banks, foundations, insurance companies, and public institutions. The launch of tokenized money funds is seen as an important step for traditional asset management institutions to further engage in RWA (real-world asset tokenization) and on-chain financial infrastructure.
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