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#Trump Family Mining Firm American Bitcoin Acquires $23 Million Worth of 
$BTC
American Bitcoin, backed by Eric Trump and Donald Trump Jr., has purchased at least 215 $BTC worth nearly $24 million as of May 31.
This marks the company's first major $BTC purchase since announcing a #treasury strategy inspired by #MicroStrategy's Michael Saylor.
The firm partnered with Hut 8 to form American Bitcoin and plans to go public through a SPAC merger with Gryphon Digital Mining.
American Bitcoin will trade on #Nasdaq under the ticker ABTC in the second half of this year.
The company operates three facilities in Niagara Falls, NY, Medicine Hat, AB, and Orla, TX, through a services agreement with Hut 8.
Their strategy focuses on efficient operations to produce $BTC below market cost, funding continued treasury purchases.
The firm currently employs one full-time employee and operates through distinct layers of mining, treasury, and ecosystem leadership.
