American Bitcoin, a cryptocurrency mining company backed by Donald Trump Jr. and Eric Trump, has disclosed holdings of 215 Bitcoin valued at approximately $23.7 million. The revelation comes as part of the firm’s core business strategy focused on Bitcoin accumulation.
According to a recent SEC filing, the company intentionally prioritizes Bitcoin acquisition to strengthen its balance sheet and enhance shareholder value. This treasury strategy positions Bitcoin as a key corporate asset.
The mining firm is preparing for a public listing through a merger with Gryphon Digital Mining, expected to conclude by the third quarter of this year. The Trump family’s involvement highlights their expanding footprint in cryptocurrency ventures.
American Bitcoin’s approach aligns with a growing corporate trend of integrating Bitcoin into treasury reserves as an inflation hedge and store of value, signaling broader institutional adoption of digital assets.