
PANews|Jun 10, 2025 14:05
The American Bitcoin supported by the Trump family has accumulated 215 Bitcoin holdings
According to Cointelegraph, American Bitcoin (ABTC), a Bitcoin mining company supported by Eric Trump and Donald Trump Jr., has accumulated 215 BTC worth over $23 million since its establishment in April this year.
ABTC stated in its filing with the US SEC that Bitcoin reserves are its core strategic asset, and its accumulation strategy will be continuously adjusted based on market conditions, with the goal of holding the currency for the long term. ABTC plans to go public through a merger with Gryphon Digital Mining, with Eric Trump joining the board of directors. The company currently deploys over 60000 mining machines with a computing power of 10.17 EH/s at Hut 8 managed mines in New York, Alberta, and Texas.
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