Trump-Linked Bitcoin Mining Firm Adds 215 BTC to Treasury in Bold Power Play

CN
2 days ago

American Bitcoin, a mining venture established in early 2025, emerged through a collaboration between Hut 8—a North American digital asset mining firm—Eric Trump, who serves as co-founder, and Donald Trump Jr., who acts as both backer and advisor. The company not only intends to pursue large-scale BTC mining operations but also aims to treat bitcoin as a strategic treasury asset, retaining it on its balance sheet.

According to a recent SEC filing, American Bitcoin outlines a comprehensive strategic framework, revealing that on May 31, 2025, the company executed a transaction to acquire 215 BTC. The firm indicates that it intends to steadily expand its bitcoin reserves while continuing to operate its mining infrastructure. On the same date, American Bitcoin reported ownership of 60,000 BTC mining machines, collectively generating 10.17 exahash per second (EH/s) with an energy efficiency rating of 21.2 joules per terahash.

The document also notes that American Bitcoin (ABTC) utilizes mining pools offered by Foundry and Luxor, both of which charge pool fees below 1%. Hut 8 exclusively provides ABTC with its hosting and operational mining services. Additionally, the filing confirms that Gryphon Digital Mining has entered a definitive stock-for-stock merger agreement with ABTC. Notably, the company remarked on how recent executive directives in the U.S. appear supportive of digital assets, though regulatory certainty remains elusive.

“Various governmental and regulatory bodies, including legislative and executive bodies, in the United States, Canada, and in other countries may adopt new laws and regulations, the direction and timing of which may be influenced by changes in the governing administrations and major events in the economy,” the filing states.

The SEC document’s authors further comment:

For example, in light of the recent change in administration in the United States, there is considerable uncertainty and potential conflict regarding and among existing laws, judicial orders and bans, new presidential executive orders, regulatory frameworks, leadership changes, and enforcement priorities and strategies.

The purchase of 215 BTC signals American Bitcoin’s deliberate shift toward strengthening its treasury strategy amid shifting regulatory frameworks. With 60,000 miners already in operation, the firm is carving out a significant presence in industrial-scale mining, harnessing strategic alliances and energy efficiency to optimize output.

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