#CEXvsDEX101 recently launched Bitcoin miner, American Bitcoin, backed by the family of President Donald Trump, has purchased its first bitcoins (BTC) for a cost of several million dollars.

In a regulatory disclosure to the U.S. Securities and Exchange Commission (SEC), the company revealed the acquisition of at least 215 BTC, currently valued at around USD $23.4 million, as of May 31, according to a report by The Block.