Oh, Bitcoin and financial future enthusiasts! Are you ready for a game-changing news? "American Bitcoin" (ABTC), strongly supported by President Trump's sons, Eric and Donald Jr., has quietly built a massive reserve of 215 Bitcoins since its launch on April 1! This reserve is currently worth over 23 million USD!
ABTC is not just an ordinary mining company! It positions itself as a "long-term Bitcoin (BTC) pool," and revealed in a filing submitted to the U.S. Securities and Exchange Commission (SEC) on June 6 that Bitcoin accumulation is the essence of its business! Its strategy is clear: converting mining output into long-term Bitcoin ownership to support balance sheet strength and enhance shareholder value.
How does ABTC achieve this feat?
The company invests directly in mining instead of physical infrastructure, keeping overhead costs low.
It owns over 60,000 mining devices (Bitmain and MicroBT) spread across three facilities managed by Hut 8 (in New York, Alberta, and Texas).
These miners operate with a total hash rate of 10.17 exahashes per second!
Bitcoin is securely stored with Coinbase Custody in cold wallets, with strict security protocols.
The biggest event: IPO and strategic partnership!
On May 12, "American Bitcoin" announced its plans for an IPO by merging with "Griffon Digital Mining." This historic deal will make the merged entity operate under the brand "American Bitcoin," and Eric Trump will join the board! Current shareholders of ABTC will own about 98% of the new company, and Hut 8 will continue to manage operations, ensuring stable revenue streams.
🔥 Summary:
"American Bitcoin" is a new model in the world of Bitcoin mining, combining operational efficiency, smart accumulation strategy, and strong support. This company is not just a story; it is a highly promising investment opportunity.
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