$BTC Trump-linked Bitcoin mining company adds 215 BTC to treasury in bold move
Trump-linked American Bitcoin revealed in a recent memo to the U.S. Securities and Exchange Commission (SEC) that it has acquired "approximately 215 Bitcoin" to bolster its reserves.
American Bitcoin's bet on cryptocurrency growth
American Bitcoin, a mining project established in early 2025, emerged through a collaboration between Hut 8, a North American digital asset mining company, and Eric Trump, who serves as a co-founder, and Donald Trump Jr., who acts as a supporter and advisor. The company intends not only to pursue large-scale Bitcoin mining operations but also aims to treat Bitcoin as a strategic deceptive asset, retaining it on its balance sheet.
According to a recent SEC memo, American Bitcoin reveals a comprehensive strategic framework, indicating that on May 31, 2025, the company executed a deal to acquire 215 Bitcoin. The company notes that it intends to continuously expand its Bitcoin reserves while continuing to operate its mining infrastructure. On the same date, American Bitcoin reported owning 60,000 Bitcoin mining machines, collectively generating 10.17 exahashes per second (EH/s) with an energy efficiency rating of 21.2 joules per terahash.
The document also mentions that American Bitcoin (ABTC) utilizes mining pools provided by Foundry and Luxor, both of which charge pool fees of less than 1%. Hut 8 exclusively provides ABTC with its own hosting and operational mining services. Additionally, the memo confirms that Gryphon Digital Mining has entered into a definitive stock merger agreement with ABTC. Notably, the company commented on how recent executive directives in the U.S. appear to be supportive of digital assets, although regulatory certainty remains elusive.
"Various government and regulatory bodies, including legislative and executive bodies, in the United States, Canada, and other countries may adopt new laws and regulations, which may be influenced in their direction and timing by changes in governing administrations and major economic events," the memo states.
The authors of the SEC document comment:
For example, in light of the recent change in administration in the United States, there is significant uncertainty and potential conflict regarding and between current laws, court orders and bans, new presidential executive orders, regulatory frameworks, leadership changes, and enforcement priorities and strategies.
The purchase of 215 Bitcoin indicates American Bitcoin's deliberate shift towards bolstering its deceptive strategy amid changing regulatory frameworks. With 60,000 mining tools already operational, the company is establishing a significant presence in industrial-scale mining, leveraging strategic alliances and energy efficiency to enhance production.
