The Trump family supports the mining company American Bitcoin, investing $23 million to purchase the first batch of Bitcoins.

2025-06-11 03:03:30

Gate News bot news, according to a document submitted to the SEC on June 6, the newly established Bitcoin mining company American Bitcoin, supported by Donald Trump’s second son Eric Trump and eldest son Donald Trump Jr., has purchased at least 215 Bitcoins (worth nearly $24 million) as of May 31.

This is the company’s first large-scale purchase of Bitcoin since announcing its Bitcoin fund management strategy.

Two people collaborated with the Bitcoin mining company Hut 8 to establish American Bitcoin. The company is expected to merge with Gryphon Digital Mining through a special purpose acquisition company (SPAC) and go public in the second half of this year, trading on NASDAQ under the stock code ABTC.

Source: The Block

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