Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Trump-Backed American Bitcoin Firm Adds 215 BTC Quietly

Trump-Backed American Bitcoin Firm Adds 215 BTC Quietly

CoinomediaCoinomedia2025/06/10 21:00
By:Aurelien SageAurelien Sage

American Bitcoin, backed by Eric and Donald Trump Jr., accumulates 215 BTC worth over $23M ahead of a public merger.Why the Timing MattersTrump Ties Fuel Interest

  • American Bitcoin quietly adds 215 BTC since April launch
  • Accumulated BTC valued at over $23 million
  • Firm prepares for upcoming public merger

Since its launch in April, American Bitcoin , a mining firm backed by Eric Trump and Donald Trump Jr., has been steadily accumulating Bitcoin under the radar. According to on-chain data, the company has acquired 215 BTC —valued at over $23 million—as it positions itself for a significant public merger.

This quiet acquisition aligns with the firm’s long-term strategy to cement its role in the U.S. crypto mining industry. American Bitcoin’s operations reflect a larger trend of politically affiliated entities entering the digital asset space, bringing both attention and capital into the industry.

Why the Timing Matters

The accumulation comes at a critical time. As the crypto market shows signs of recovery, firms that secure substantial holdings early could gain a strong advantage. American Bitcoin’s decision to buy rather than wait highlights their confidence in Bitcoin’s future price potential and utility.

Additionally, with a public merger on the horizon, these assets may boost the company’s valuation and attract institutional interest. It also demonstrates a commitment to building a strong treasury—a move that mirrors strategies used by major players like MicroStrategy.

🇺🇸 UPDATE: Eric and Donald Trump Jr.-backed American Bitcoin quietly accumulates 215 $BTC ($23M+) since April launch ahead of public merger. pic.twitter.com/tCSw4IFr8T

— Cointelegraph (@Cointelegraph) June 10, 2025

Trump Ties Fuel Interest

The involvement of Eric and Donald Trump Jr. adds a notable layer of intrigue. Their influence and political connections could drive increased visibility and potentially favorable regulations for crypto mining operations in the U.S.

This strategic positioning could help American Bitcoin secure a stronger foothold in a competitive, rapidly evolving market—especially as regulatory uncertainty continues to cloud the broader crypto industry.

Read Also :

  • Trump-Backed American Bitcoin Firm Adds 215 BTC Quietly
  • Here’s Why BlockDAG’s $293M Presale Makes It the Best Crypto to Buy, Bitcoin Holds, and Ondo Plays It Safe
  • London Firm Adds £3.5M in Bitcoin to Treasury
  • Bitcoin Buying Surge Driven by U.S. Investors
  • Qubetics’ $17.8M Presale, Avalanche’s Rise, and Hedera’s AI Edge—Top Cryptos with 100x Potential in 2025
Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SEC’s new leadership lineup includes officials with crypto experience

Share link:In this post: The SEC has appointed four senior officials with experience in digital assets. The agency appointed Jamie Selway as Director of Trading and Markets, while Brian Daly was named Director of the Division of Investment Management. Erik Hotmire will be the Chief External Affairs Officer while Kurt Hohl will take Chief Accountant role.

Cryptopolitan2025/06/14 04:41
SEC’s new leadership lineup includes officials with crypto experience

OpenAI clarifies it wont cut existing ties despite Meta’s big move

Share link:In this post: Despite Meta’s $29 billion investment for a 49% stake in Scale AI, OpenAI says it will continue its partnership with the data-labeling firm to support a diverse AI ecosystem. Scale founder Alexandr Wang will join Meta’s AI team but remain on Scale’s board. Jason Droege, former Uber Eats founder, steps in as interim CEO. The deal marks one of Meta’s largest outside investments, aiming to accelerate AI development through closer collaboration with Scale AI.

Cryptopolitan2025/06/14 04:41
OpenAI clarifies it wont cut existing ties despite Meta’s big move