Trump Sons-Backed American Bitcoin Accumulates 215 Bitcoins Worth $23.7M

American Bitcoin Amasses $23.7 Million in Bitcoin Holdings

American Bitcoin, a cryptocurrency mining company supported by Donald Trump’s two sons, has made headlines by acquiring a remarkable 215 bitcoins, currently valued at approximately $23.7 million.

SEC Filing Reveals Strategic Bitcoin Accumulation

According to a disclosure filed with the U.S. Securities and Exchange Commission (SEC) on June 6, the company reported its bitcoin reserves as of the end of May. American Bitcoin emphasized that building a robust bitcoin treasury is not just a side effect but a core part of its corporate strategy. The company plans to continue expanding its bitcoin reserves in response to evolving market conditions.

Mirroring the Strategies of Industry Leaders

This accumulation strategy aligns American Bitcoin with leading firms in the blockchain sector, such as Strategy (known for its own substantial bitcoin investments since 2020). Like these forward-thinking companies, American Bitcoin treats bitcoin as a primary treasury asset, highlighting the growing trend of crypto adoption among public and private enterprises worldwide.

Today, more than 100 companies globally have included bitcoin in their corporate balance sheets, reflecting increasing confidence in digital assets as part of long-term business strategies.