PANews reported on June 10 that according to Cointelegraph, American Bitcoin (ABTC), a Bitcoin mining company supported by Eric Trump and Donald Trump Jr., has accumulated 215 BTC worth more than $23 million since its establishment in April this year. In a document submitted to the US SEC, ABTC stated that Bitcoin reserves are its core strategic assets, and the accumulation strategy will continue to adjust according to market conditions, with the goal of long-term holding. ABTC plans to go public through a merger with Gryphon Digital Mining, and Eric Trump will join the board of directors. The company currently has more than 60,000 mining machines deployed in Hut 8 managed mines in New York, Alberta and Texas, with a computing power of 10.17 EH/s.

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