American Bitcoin, backed by Eric Trump and Donald Trump Jr., has quietly amassed over $23 million in BTC while preparing to go public via a Gryphon merger.
American Bitcoin, a Bitcoin mining firm backed by President Donald Trump’s two eldest sons, Eric Trump and Donald Trump Jr., has quietly built up a 215 BTC reserve since its April 1 debut.
The company, formally known as ABTC, is positioning itself not just as another mining venture but as a long-term accumulator of Bitcoin (BTC), it disclosed in a June 6 filing with the US Securities and Exchange Commission (SEC).
The stash, currently worth over $23 million, was not previously disclosed. “ABTC considers its reserve a core strategic asset, managed adaptively to support balance sheet strength with a view to enhancing long-term stockholder value,” the firm stated.
