Trump-backed American Bitcoin firm amasses 215 BTC, plans public listing via Gryphon Merger

American Bitcoin, backed by Eric Trump and Donald Trump Jr., has quietly accumulated 215 BTC (worth over $23 million) since launching in April, according to Cointelegraph. The company plans to go public via a merger with Gryphon Digital Mining. ABTC positions Bitcoin accumulation as its core business, operates over 60,000 miners via Hut 8 and stores BTC with Coinbase Custody.