Trump-Linked Mining Firm Holds $23M in Bitcoin, Eyes Public Listing

American Bitcoin, a firm backed by the Trump family, has amassed a substantial Bitcoin reserve exceeding $23 million since its April 2025 launch. This private company operates over 60,000 mining machines and plans to merge with Gryphon Digital Mining on Nasdaq under the ABTC ticker symbol. Their strategy focuses on accumulating Bitcoin while producing it at a cost lower than market rates.