American Bitcoin holds over $23 million in Bitcoin and plans to merge with Gryphon for listing

Recently, American Bitcoin (ABTC), a US Bitcoin mining company supported by Trump's son Eric Trump and Donald Trump Jr., has attracted widespread attention in the market. Since its official establishment in April 2025, the company has quickly deployed in the field of Bitcoin mining and has accumulated 215 Bitcoins, which are valued at more than US$23 million at the current price.

According to the public documents submitted by ABTC to the US Securities and Exchange Commission (SEC), the company clearly lists Bitcoin as its "core strategic asset" and stated that its Bitcoin accumulation strategy will be flexibly adjusted according to market trends, but the overall direction is still aimed at "long-term holding".

In the capital market, ABTC is promoting its merger and listing plan with crypto mining company Gryphon Digital Mining. If the transaction is successfully completed, Eric Trump will officially join the board of directors of the new company, which also marks the Trump family's further in-depth involvement in the field of digital assets.

At present, ABTC has deployed more than 60,000 Bitcoin mining machines in multiple strategic locations in North America, with a computing power of 10.17 EH/s, and has strong network competitiveness. Its main mines are operated by the well-known mining company Hut 8, covering New York State, Alberta, Canada, and Texas, USA. The diversified geographical layout not only helps to disperse operational risks, but also reduces costs by taking advantage of the power resources in different regions.

This time, ABTC has entered the Bitcoin mining track in a high-profile manner, coupled with the political and public influence of the Trump family, which has triggered heated discussions in the market about the cross-border participation of traditional political and business elites in the crypto industry. On the one hand, this brings attention and potential capital to the company; on the other hand, it may also face higher standards in terms of supervision and public opinion.

In the future, whether ABTC can successfully go public and establish a solid position in the mining field depends on its capital operation capabilities, computing power expansion efficiency, and ability to respond to changes in the policy environment. What is certain is that this emerging mining company "with Trump genes" is becoming a new force that cannot be ignored in the crypto industry.