American Bitcoin Corp Aims for Long-Term Dominance with Strategic Bitcoin Accumulation and Merger Plans
June 10, 2025
American Bitcoin Corp (ABTC), launched in April 2025, employs a three-tiered strategy focused on cost-efficient mining, capital growth for Bitcoin reserves, and active participation in the Bitcoin ecosystem.
The company aims to accumulate Bitcoin as a core business strategy rather than a byproduct of its operations, positioning itself as a long-term Bitcoin accumulator.
ABTC operates over 60,000 mining machines from Bitmain and MicroBT across facilities in New York, Alberta, and Texas, managed in partnership with Hut 8.
The company participates in mining pools like Foundry and Luxor, which charge fees below 1% of daily payouts, ensuring efficient distribution of mined Bitcoin based on hashrate contributions.
With a total hashrate of 10.17 exahashes per second and an average efficiency of 21.2 joules per terahash, ABTC's mining operations are designed to produce Bitcoin below market cost.
The company aims to position its mining operations as a foundational engine for Bitcoin accumulation, rather than an end goal, allowing flexibility in its capital allocation.
ABTC's reserve announcement reflects a growing trend among corporations incorporating Bitcoin into their treasury management, aligning with broader market movements.
The firm does not have set targets for Bitcoin accumulation, instead planning to monitor economic conditions to guide its purchasing decisions.
For asset security, ABTC utilizes Coinbase Custody solutions, primarily relying on cold storage wallets with multi-factor authentication and strict withdrawal protocols.
As of June 6, 2025, ABTC reported acquiring 215 Bitcoin valued at approximately $23 million, which is considered a core strategic asset aimed at enhancing long-term stockholder value.
Following a planned merger with Gryphon Digital Mining, American Bitcoin shareholders will retain approximately 98% of the new entity, which will operate under the American Bitcoin brand on Nasdaq.
ABTC's strategy includes driving industry-wide Bitcoin adoption and supporting protocol development to enhance the network's resilience and contribute to shareholder value.
Summary based on 6 sources
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Sources

Cointelegraph • Jun 10, 2025
Trump-backed American Bitcoin accumulates 215 BTC since April launch
Cointelegraph • Jun 10, 2025
Trump-backed American Bitcoin accumulates 215 BTC since April launch
Crypto Briefing • Jun 10, 2025
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Bitcoin Magazine • Jun 10, 2025
The Trump’s American Bitcoin Merges With Gryphon, Reports 215 BTC On Balance Sheet Since Launch