{"id":31433,"date":"2025-06-11T20:16:32","date_gmt":"2025-06-11T20:16:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31433"},"modified":"2025-06-11T20:16:32","modified_gmt":"2025-06-11T20:16:32","slug":"trump-family-backed-bitcoin-mining-firm-mines-23-million-worth-of-btc-signals-more-accumulation-in-the-future-corrected","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31433","title":{"rendered":"Trump Family-Backed Bitcoin Mining Firm Mines $23 Million Worth Of BTC, Signals More Accumulation In The Future (CORRECTED)"},"content":{"rendered":"<div>\n<p><em>Editor&#8217;s Note: This article was updated to clarify that American Bitcoin mined its Bitcoin holdings.<\/em><\/p>\n<p><strong>American Bitcoin<\/strong>, a\u00a0<strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) mining company backed by\u00a0<strong>Eric Trump<\/strong>\u00a0and\u00a0<strong>Donald Trump Jr.<\/strong>, mined millions worth of the apex cryptocurrency, according to a recent filing with the SEC.<\/p>\n<p><strong>What Happened<\/strong>: The firm reported having accumulated\u00a0215 BTC in its reserve as of May 31, amounting to $23.57 million at current market prices.<\/p>\n<p>\u201cABTC considers its Bitcoin holdings to be long-term in nature and expects to continue accumulating Bitcoin. ABTC has not set any specific target for the amount of Bitcoin it seeks to hold,\u201d the filing read. The company said its goal was to access \u201cefficient\u201d capital and use it to increase Bitcoin in reserve per share.<\/p>\n<p>The firm, a majority-owned subsidiary of <strong>Hut 8 Corp.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/HUT#NASDAQ\">HUT<\/a>), plans\u00a0to go public in the\u00a0second half of the year\u00a0<a href=\"https:\/\/www.benzinga.com\/news\/small-cap\/25\/05\/45347101\/gryphon-digital-to-take-trump-affiliated-american-bitcoin-public-in-merger-deal-stock-soars\">through a stock-for-stock merger<\/a> with\u00a0<strong>Gryphon Digital Mining, Inc.<\/strong>\u00a0(NASDAQ:<a ...><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/06\/45876652\/trump-family-backed-bitcoin-mining-firm-acquires-23-million-worth-of-btc-signals-more-accum\" alt=\"Trump\" family-backed bitcoin mining firm mines million worth of btc signals more accumulation in the future>Full story available on Benzinga.com<\/a><\/p>\n<p><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Editor&#8217;s Note: This article was updated to clarify that American Bitcoin mined its Bitcoin holdings. American Bitcoin, a\u00a0Bitcoin (CRYPTO: BTC) mining company backed by\u00a0Eric Trump\u00a0and\u00a0Donald Trump Jr., mined millions worth of the apex cryptocurrency, according to a recent filing with the SEC. What Happened: The firm reported having accumulated\u00a0215 BTC in its reserve as of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31433","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31433"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31433\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}