American Bitcoin Corp (ABTC), a private Bitcoin mining firm supported by Eric Trump and Donald Trump Jr., is making headlines after reporting 215 Bitcoin (BTC) in reserves just two months after launching operations. The company also announced a merger with Gryphon Digital Mining ($GRYP), with plans to go public under the ticker $ABTC in Q3 2025.
Bitcoin Is the Business
According to ABTC’s June 10 SEC filing, the company had accumulated 215 BTC valued at around $23 million as of May 31, 2025. In a striking statement, the company emphasized:
“Bitcoin accumulation is not a side effect of ABTC’s business. It is the business.”
The merger with Gryphon will take the company public, providing a fresh investment vehicle for crypto stock enthusiasts. The newly combined entity will retain the ABTC ticker and expand operations across the U.S. and Canada.
Three-Layer Strategy to Scale Bitcoin Dominance
ABTC’s SEC filing outlines a three-layer strategic framework focused on infrastructure, capital scaling, and ecosystem leadership:
Layer 1: Build the Engine
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ABTC operates over 60,000 miners from Bitmain and MicroBT, hosted mainly in Hut 8-run data centers.
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Its infrastructure-light approach focuses on low-cost BTC production.
Layer 2: Scale the Reserve
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The 215 BTC reserve is viewed as a strategic long-term asset.
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ABTC intends to leverage public markets and capital-efficient structures to increase BTC per share.
Layer 3: Lead the Ecosystem
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The company plans to support Bitcoin protocol development, network infrastructure, and industry-wide adoption.
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ABTC aims to use its scale to create value for shareholders while reinforcing Bitcoin’s resilience.
Strategic Operations and Partnerships
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Mining rewards are sourced from Foundry and Luxor, with sub-1% fees.
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Coinbase Custody handles secure storage with multi-factor authentication and strict withdrawal policies.
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ABTC’s facilities are spread across Niagara Falls, NY, Medicine Hat, AB, and Orla, TX, leveraging its partnership with Hut 8 for infrastructure support.
What This Means for the Market
With institutional support, a fast-growing BTC reserve, and a path to public markets, ABTC positions itself as a new powerhouse in North American Bitcoin mining. The Trump name adds political and media visibility, while the partnership with Gryphon strengthens its market access and credibility.
Investors and industry watchers will be paying close attention as the $ABTC ticker hits public exchanges in Q3 2025.