10.06.2025 17:52

American Bitcoin Corp (ABTC), a privately held Bitcoin mining operation founded by Eric Trump and Donald Trump Jr., has revealed a significant Bitcoin reserve. A June 10th SEC filing disclosed that the company, launched on April 1st, 2025, currently holds approximately 215 Bitcoin, valued at roughly $23 million. This substantial holding underscores their unwavering commitment to Bitcoin as a core business asset.

The filing explicitly stated that Bitcoin accumulation is not a secondary function but rather the very essence of ABTC's operations. Further solidifying their position in the market, ABTC announced a merger agreement with Gryphon Digital Mining ($GRYP). This merger is anticipated to result in the combined entity commencing public trading under the $ABTC ticker, potentially as early as the third quarter of 2025.

ABTC's strategic plan, detailed in the SEC disclosure, is a three-pronged approach. First, they are focusing on building a highly efficient mining operation. This involves utilizing over 60,000 miners from Bitmain and MicroBT, primarily hosted in Hut 8-managed facilities, to produce Bitcoin at below-market costs.

Second, ABTC aims to aggressively expand its Bitcoin reserve. Leveraging public markets and strategic financing, the company intends to significantly increase its Bitcoin holdings per share. Their current reserve of 215 BTC, accumulated since their launch, represents a crucial long-term investment strategy.

Finally, the company envisions a leadership role in fostering broader Bitcoin adoption. ABTC plans to leverage its operational scale and mining expertise to support protocol development and enhance the overall Bitcoin network infrastructure. This ambitious vision aims to contribute significantly to the growth and evolution of the entire Bitcoin ecosystem.