American Bitcoin, backed by Eric Trump and Donald Trump Jr., has quietly amassed over $23 million in BTC while preparing to go public via a Gryphon merger.#tradingpairs101#tradingtypes101

American Bitcoin, a Bitcoin mining firm backed by President Donald Trump’s two eldest sons, Eric Trump and Donald Trump Jr., has quietly built up a 215 BTC reserve since its April 1 debut.

The company, formally known as ABTC, is positioning itself not just as another mining venture but as a long-term accumulator of Bitcoin (BTC), it disclosed in a June 6 filing with the US Securities and Exchange Commission (SEC).

The stash, currently worth over $23 million, was not previously disclosed. “ABTC considers its reserve a core strategic asset, managed adaptively to support balance sheet strength with a view to enhancing long-term stockholder value,” the firm stated.

The firm added that its accumulation strategy is open-ended, meaning no fixed BTC target exists. Instead, it continually assesses market conditions to raise capital when favorable and expand its holdings.

“Bitcoin accumulation is not a side effect of ABTC’s business. It is the business. ABTC’s layer 2 strategy is designed to transform its Bitcoin production into long-term Bitcoin ownership,” it wrote.