American Bitcoin, a company backed by the Trump family, has accumulated 215 bitcoins since its launch in April, according to a recent report.
The company was established in March 2025 through a strategic investment by Hut 8, an American bitcoin mining company, into a US – based data center company founded by Eric Trump, Donald Trump Jr., and others. Hut 8 contributed nearly all of its ASIC mining rigs to the new company and became its exclusive provider of mining rig hosting and management services, in exchange for an 80% stake.
The accumulation of bitcoins by American Bitcoin is seen as a significant move in the cryptocurrency market, especially given the Trump family’s influence and support. The company’s strategy is to acquire and hold bitcoins through equity financing or bond issuance, providing investors with an alternative way to bet on the cryptocurrency market. This approach aligns with the pro – cryptocurrency stance that Trump has taken during his political campaigns. Trump has expressed support for bitcoin and cryptocurrencies, stating that he would make the US a global hub for cryptocurrencies and has proposed establishing a national strategic bitcoin reserve if he were to return to the White House.
The accumulation of bitcoins by American Bitcoin may attract more attention and investment to the cryptocurrency market, and also reflects the growing acceptance and influence of cryptocurrencies in the traditional financial sector. However, the cryptocurrency market remains highly volatile and risky, and the future performance of American Bitcoin remains to be seen.
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