American Bitcoin (ABTC), a new mining company backed by Donald Trump Jr. and Eric Trump, has officially entered the crypto space with a significant investment.
According to SEC filings, the firm acquired 215 Bitcoins worth approximately $23 million as of May 31. This marks the first major step in the company’s announced Bitcoin reserve strategy.
Inspired by Michael Saylor’s MicroStrategy model, ABTC aims to mine Bitcoin at low cost and accumulate its holdings over time to build a substantial reserve. The company operates mining sites in Niagara Falls (New York), Medicine Hat (Canada), and Orla (Texas). Remarkably, all of these operations are currently being managed with only one full-time employee.
