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The American Bitcoin supported by the Trump family has held 215 BTC and plans to merge with Gryphon for listing.
On June 10, according to reports, American Bitcoin, a Bitcoin mining company supported by Trump’s eldest and second sons, has accumulated 215 BTC since its establishment in April this year, worth over 23 million dollars.
American Bitcoin stated in its filing with the SEC that Bitcoin reserves are its core strategic asset, and the accumulation strategy will be continuously adjusted based on market conditions, with the goal of long-term holding. American Bitcoin is planning to go public through a merger with Gryphon Digital Mining, and Eric Trump will join the board. The company currently has over 60,000 mining machines deployed at its facilities managed by Hut 8 in New York, Alberta, and Texas, with a computing power of 10.17 EH/s.