American Bitcoin, a mining firm founded by Eric Trump and Donald Trump Jr., is making headlines with its ambitious plan to accumulate as much Bitcoin as possible as quickly as possible. Since its beginning in April, the company has amassed a reserve of 215 BTC (worth approximately $23M), and it is only getting started.
The company's main goal is unique: mining is not just a means to an end, but rather the entire business strategy. American Bitcoin intends to maximize its Bitcoin holdings through efficient, cost-effective mining and collaboration with industry giants such as Hut 8.
A huge milestone is on the horizon: a merger with Gryphon Digital Mining, which is slated to close in Q3 2025. The combined business will list on the Nasdaq under the ticker ABTC, with the Trump brothers and current stakeholders owning approximately 98%.
American Bitcoin takes a minimalist and capital-efficient method. They use third-party mining pools and protect their assets through Coinbase Custody. The company also intends to promote wider Bitcoin usage and infrastructure, establishing itself as a long-term player in the digital asset industry.
