ABTC Holds $23M in Bitcoin
ABTC's $23 Million Bitcoin Reserve
American Bitcoin (ABTC), a cryptocurrency mining company with backing from Eric and Donald Trump Jr., has disclosed a $23 million Bitcoin reserve, holding 215 BTC as of June 6, 2025. This announcement, filed with the SEC, signals a strategic shift from primarily Bitcoin mining to accumulating and holding Bitcoin as a core treasury asset.
Shifting Focus to Bitcoin Holding
Initially focused on Bitcoin mining, ABTC’s new strategy prioritizes long-term Bitcoin ownership. The company stated that its Bitcoin reserve is a strategic asset designed to enhance shareholder value and provide balance sheet flexibility. ABTC operates over 60,000 mining machines from Bitmain and MicroBT across facilities in New York, Alberta, and Texas, distributing mined Bitcoin based on mining machine contribution to Foundry and Luxor pools. Bitcoin holdings are securely stored in cold wallets with Coinbase Custody, employing multi-factor authentication and stringent withdrawal protocols.
ABTC clarified that there are no predetermined Bitcoin acquisition targets. Future purchases will be contingent on market conditions and available funds. This approach differentiates ABTC from companies solely focused on mining and trading, presenting a more robust long-term investment strategy.
Growing Trend: Corporate Bitcoin Adoption
ABTC’s move is aligned with a wider trend of companies adopting Bitcoin as a treasury asset. Several notable examples include Know Labs Inc., K Wave Media, and GameStop, demonstrating growing corporate interest in Bitcoin’s long-term potential. This increasing adoption underscores the growing recognition of Bitcoin as a store of value and strategic asset.
ABTC is also pursuing a Nasdaq listing via a merger, expected to be completed in Q3 2025, under the ticker symbol "ABTC." This will further increase the company's profile in the digital finance sector.
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