Trump-Backed Bitcoin Miner Reveals 215 BTC Holdings Since April

Key Insights:

• American Bitcoin has accumulated 215 BTC worth $23M since April 2025, with no fixed target for future holdings.
• The firm operates 60,000+ miners via Hut 8 facilities and will merge with Gryphon to trade under ABTC on Nasdaq.
• ABTC stores BTC with Coinbase Custody and aims to grow reserves by producing Bitcoin below market cost.

Trump-backed American Bitcoin revealed that it holds 215 Bitcoin, worth nearly $23 million according to the early June exchange rates. The company started its operations in April 2025 and is designed to grow its BTC reserve over the long run.

A recent U.S. Securities and Exchange Commission (SEC) filing detailed American Bitcoin mining setup, corporate structure, and its planned merger with Gryphon Digital Mining.

Trump Family-Linked American Bitcoin Discloses $23M BTC Reserve

According to a recent SEC filing, American Bitcoin considers Bitcoin accumulation its core mission. The company clarified that acquiring Bitcoin is not a by-product but the central strategy. As of June 2025, it holds 215 BTC, currently valued at around $23 million.

American Bitcoin was formed through a partnership between the Trump family and Hut 8. The company officially launched in April and intends to scale Bitcoin ownership as a strategic reserve.

It classified this reserve as its “Layer 2” strategy within a broader business structure focused on ownership, production, and ecosystem contribution.

The filing also reveals that the company has no fixed upper limit for its BTC reserve. Instead, it aims to build holdings through mining and capital-efficient models.

ABTC Operates Over 60,000 Miners

American Bitcoin runs more than 60,000 mining machines sourced from Bitmain and MicroBT. These units are hosted in three Hut 8-managed sites located in New York, Alberta, and Texas. Combined, they provide a hashrate of 10.17 exahashes per second. The average machine efficiency is listed at 21.2 joules per terahash.

Trump Family-Linked American Bitcoin model is designed to reduce overhead. Hut 8 manages the operational aspects, allowing ABTC to focus resources on Bitcoin production and accumulation.

Moreover, the news about a Bitcoin miner linked to the Trump family matches a trend of more financial institutions in the U.S. accepting Bitcoin. A recent finding revealed that there are more people with Bitcoin (49.6 million) than with gold (36.7 million) in the USA.

Merger with Gryphon and Public Listing Plans

Additionally, on May 12, American Bitcoin announced plans to go public through a stock-for-stock merger with Gryphon Digital Mining. The deal is structured so that existing American Bitcoin shareholders will retain 98% ownership of the new entity. All the company’s operations will take place under the American Bitcoin brand.

After the merger, the company will start trading on Nasdaq with the ticker symbol ABTC. As part of his duties, Eric Trump will sit on the board of directors. At the same time, Hut 8 will oversee the management of mining infrastructure to make sure the operations continue.

The company’s management described this structure as part of a long-term strategy to increase reserve capacity by producing Bitcoin.

Security, Strategy, and Future Objectives

American Bitcoin relies on cold storage services provided by Coinbase Custody to protect its Bitcoin. To protect the fund, users must go through multi-factor authentication and withdrawals can only be made to whitelisted addresses.

More importantly, the Trump-backed company mentioned it might look into projects that increase Bitcoin use, such as making advancements to the system and related infrastructure.

At the same time, Michael Saylor from MicroStrategy has encouraged firms like Apple to put their money into Bitcoin instead of just buying stocks. He stated that Apple’s huge cash reserve could be better used in Bitcoin with current inflation and weak dollar conditions.

With both institutional involvement and Bitcoin being accumulated in large quantities, the top crypto price has continued to increase. Currently, BTC price is $109,100, after rising by 1.24% in the past 24 hours, backed by a $2.17 trillion market cap.

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