American Bitcoin Corp Acquires 215 Bitcoin Valued at $23 Million

American Bitcoin Corp (ABTC), a private Bitcoin mining company backed by Eric Trump and Donald Trump Jr., has disclosed a significant Bitcoin reserve and outlined a strategic roadmap in a recent SEC filing. The company, which launched operations on April 1, 2025, has acquired 215 Bitcoin (BTC), valued at approximately $23 million. This revelation underscores the company's commitment to Bitcoin and its strategic importance to ABTC's business model.

ABTC has entered into a merger agreement with Gryphon Digital Mining, with the combined entity expected to begin public trading under the ticker $ABTC as early as the third quarter of 2025. The merger is part of a three-layer strategic plan detailed in the SEC disclosure. The first layer, "Build the Engine," focuses on producing Bitcoin at below-market costs through a capital-efficient and infrastructure-light operating model. ABTC owns and operates over 60,000 miners from Bitmain and MicroBt, primarily running on Hut 8-managed facilities.

The second layer, "Scale the Reserve," involves accumulating Bitcoin as a long-term strategic asset. ABTC aims to leverage public markets and strategic financing structures to increase its Bitcoin reserve per share. The company has already accumulated approximately 215 Bitcoin since its launch, demonstrating its commitment to growing its reserve.

The third layer, "Lead the Ecosystem," involves using ABTC's operational scale and mining position to drive industry-wide adoption. The company may pursue opportunities to support protocol development, enhance network infrastructure, and contribute to Bitcoin's resilience and adoption in ways that align with shareholder value creation.

For mining rewards, ABTC uses Foundry and Luxor pools with sub-1% fees and relies on Coinbase Custody for secure cold storage, featuring multi-factor authentication and strict withdrawal protocols. The company operates across multiple locations, including Niagara Falls, NY; Medicine Hat, AB; and Orla, TX, leveraging strategic partnerships with Hut 8 to scale its Bitcoin holdings and influence the broader crypto mining ecosystem.

ABTC's strategic shift from traditional mining to holding Bitcoin as a core asset reflects a broader trend among global companies. Increasingly, firms are adopting Bitcoin for treasury and strategic reserves, recognizing its potential as a long-term store of value. This trend is evident in various sectors, with companies like GameStop and K Wave Media integrating Bitcoin into their financial strategies. ABTC's disclosure aligns with this growing acceptance of Bitcoin as a strategic asset, positioning the company at the forefront of this evolving financial landscape.