American Bitcoin, a mining company backed by Eric Trump and Donald Trump Jr., is rapidly gaining ground. Since its launch in April this year, the firm has accumulated 215 BTC — worth more than $23 million — and according to the company, this is only the beginning. Its mission: to continue expanding its bitcoin holdings as a core strategic asset.
“Bitcoin accumulation isn’t a side effect. It’s the core business.”
In a filing with the U.S. Securities and Exchange Commission (SEC), the company — formerly known as ABTC — declared that it views Bitcoin as a long-term asset and that its operations are purpose-built for ownership, not just mining.
“Our Layer 2 strategy is designed to convert bitcoin production into long-term BTC ownership,” the company stated.
Mining Without Heavy Infrastructure – Efficient and Lean
ABTC focuses on capital efficiency: instead of building its own data centers, it partners with experienced operators. It runs over 60,000 mining devices, mostly from Bitmain and MicroBT, across facilities in New York, Texas, and Alberta, Canada, managed by Hut 8.
These miners deliver a total of 10.17 exahashes per second, with an average energy consumption of 21.2 joules per terahash. Thanks to its partnership with H ut 8, ABTC is able to produce BTC below market cost, maximizing returns and allowing for sustained accumulation.
“The foundation of ABTC is producing bitcoin below market value through a capital-efficient and infrastructure-light operating model,” the company explained.
Security First: BTC Stored with Coinbase Custody
All BTC holdings are stored securely in cold wallets managed by Coinbase Custody. The company applies strict multi-factor authentication and restricts withdrawals to whitelisted addresses, ensuring maximum security.
ABTC directs its mining power to top mining pools like Foundry and Luxor, with pool fees kept under 1%. Daily mining rewards are distributed based on contributed hashrate.
Three-Stage Strategy: Mining, Accumulation, Expansion
ABTC’s business model is built on three key pillars:
🔹 Efficient bitcoin mining with minimal capital waste
🔹 Strategic BTC accumulation through public markets and structured finance
🔹 Active participation in the broader Bitcoin ecosystem
The company also confirmed that its planned merger with Gryphon Digital Mining is still on track. The combined entity will operate under the name American Bitcoin, with Eric Trump joining the board. Majority ownership will remain with Hut 8, which will continue to manage mining operations and infrastructure.
After the merger, current ABTC shareholders will own approximately 98% of the new entity — granting them near-total control over its future direction.
Enthusiasm and Caution: Bitcoin’s Trajectory Under Scrutiny
While parts of the crypto community are celebrating the growing U.S.-based BTC accumulation as a signal of rising confidence, others urge caution. Analyst Ava notes that Bitcoin is trading well above key moving averages, which may indicate overbought conditions. At the same time, she highlights increasing “social noise” and political narratives fueling speculation about institutional inflows.
“If these narratives intensify, we may see a strong technical breakout. Are you ready for another wave of volatility?” Ava warned.
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