American Bitcoin unable to sell 39% of BTC holdings due to Bitmain contract

American Bitcoin, a Bitcoin mining company linked to the family of U.S. President Donald Trump, could not freely sell 3,090 of the 8,002 BTC it held at the end of the second quarter because of a mining machine purchase contract with Bitmain, CryptoSlate reported. Ownership of the BTC remains with American Bitcoin, and the company recorded $371.69 million in liabilities tied to the contract.