American Bitcoin Corp, a cryptocurrency mining start-up backed by Eric Trump and Donald Trump Jr., disclosed in a regulatory filing that it has accumulated 215 Bitcoin, valued at about US$23 million, since its 1 April launch. The company said the tokens will be held as a long-term treasury asset as it works to build the largest mining operation in the United States. The miner operates roughly 60,000 application-specific integrated circuit rigs, giving it a hash rate of 10.17 exahash per second and an energy efficiency of 21.2 joules per terahash, according to the filing. Management indicated it intends to continue expanding both its computing capacity and its Bitcoin reserve. American Bitcoin plans to merge with Gryphon Digital Mining in the third quarter of 2025 and list the combined entity on Nasdaq under the ticker ABTC. Executives said the newly acquired Bitcoin strengthens the balance sheet ahead of the public-market debut. The accumulation comes amid broader interest in the cryptocurrency from Trump-affiliated businesses. President Donald Trump’s media company separately announced a plan to raise US$2.5 billion to purchase Bitcoin, underscoring the former president’s growing embrace of digital assets.