Trump family-backed cryptocurrency venture American Bitcoin (ABTC) has accumulated over $23 million in Bitcoin reserves through its distinctive accumulation strategy. The company holds 215 BTC acquired via specialized mining operations, prioritizing long-term reserve growth over short-term revenue.
ABTC operates 60,000 mining units across three facilities managed by Hut 8, achieving a substantial hashrate of 10.17 EH/s with an energy efficiency of 21.2 J/TH. This infrastructure supports the company’s primary objective of strategic Bitcoin accumulation.
The venture has entered a stock-for-stock merger agreement with Gryphon Digital Mining to facilitate a public listing. Post-merger, Eric Trump will join the combined entity’s board of directors, while current ABTC shareholders will retain 98% ownership control.
Asset security remains paramount, with all Bitcoin reserves secured through Coinbase Custody’s cold storage solutions. The company implements multilayered protection including multifactor authentication and whitelisted withdrawal protocols.
ABTC’s three-tiered business approach combines cost-efficient mining operations, targeted capital deployment for BTC reserve expansion, and active ecosystem participation to enhance long-term value creation within the Bitcoin network.