BlockBeats News reported on June 10, citing Cointelegraph, that the Bitcoin mining company American Bitcoin, backed by Donald Trump's eldest and second sons, has accumulated 215 BTC since its establishment in April this year, valued at over $23 million.
In documents submitted to the SEC, American Bitcoin stated that its Bitcoin reserves are considered a core strategic asset, with its accumulation strategy being continuously adjusted based on market conditions, aiming for long-term holding. The company is planning to go public through a merger with Gryphon Digital Mining, with Eric Trump set to join the board of directors. Currently, American Bitcoin has deployed over 60,000 mining rigs across mining facilities managed by Hut 8 in New York, Alberta, and Texas, achieving a total hash rate of 10.17 EH/s.
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