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American Bitcoin Corp (ABTC), a newly fashioned non-public Bitcoin mining firm backed by Eric Trump and Donald Trump Jr., introduced in a June 10 SEC filing that it has acquired 215 Bitcoin (BTC) since launching operations on April 1, 2025. The reserve is presently valued at roughly $23 million, exhibiting their drive and commitment to Bitcoin.
“Bitcoin accumulation shouldn’t be a facet impact of ABTC’s enterprise. It’s the enterprise,” the corporate acknowledged within the submitting.
Moreover, ABTC has entered right into a merger settlement with Gryphon Digital Mining ($GRYP), and the mixed firm is anticipated to start public buying and selling beneath the ticker $ABTC as early as Q3 2025.
The corporate’s three-layer strategic plan—outlined within the SEC disclosure—particulars a centered method:
Layer 1: Construct the Engine
- ABTC’s basis is constructed on “producing Bitcoin below-market value by a capital environment friendly, infrastructure-light working mannequin.” The corporate owns and operates over 60,000 miners from Bitmain and MicroBt, working totally on Hut 8-managed services.
Layer 2: Scale the Reserve
- ABTC had “accrued roughly 215 Bitcoin in reserve since launching on April 1, 2025,” which it considers a long-term strategic asset. The agency states its aim is “to make the most of public markets and strategic financing constructions to entry environment friendly capital and leverage that capital to extend its Bitcoin in reserve per share.”
Layer 3: Lead the Ecosystem
- The corporate in the end goals to make use of its operational scale and mining place to drive industry-wide adoption. “ABTC might pursue alternatives to assist protocol improvement, improve community infrastructure and contribute to Bitcoin’s resilience and adoption in ways in which align with shareholder worth creation.”
For mining rewards, ABTC makes use of Foundry and Luxor swimming pools with sub-1% charges and depends on Coinbase Custody for safe chilly storage, that includes multi-factor authentication and strict withdrawal protocols.
With operations throughout Niagara Falls, NY; Medication Hat, AB; and Orla, TX, ABTC is leveraging strategic partnerships—primarily with Hut 8—to scale its Bitcoin holdings whereas influencing the broader crypto mining ecosystem.