Trump-Backed Firm Acquires $23 Million in Bitcoin: Strategic Move Positions for Nasdaq Listing

Eric Trump and Donald Trump Jr., co-founders of American Bitcoin, have made a significant move in the cryptocurrency market by accumulating over $23 million in Bitcoin. This strategic acquisition reflects their ambition to establish a prominent player in the sector and aims to position them for a successful Nasdaq listing. 215 BTC worth nearly $23 million was acquired through this transaction, leveraging support from Gryphon Digital Mining and Hut 8 infrastructure. The company’s strategy focuses on Bitcoin mining exclusively, with an eye toward building a robust U.S.-centric Bitcoin powerhouse.