what's American Bitcoin?
American Bitcoin is a Bitcoin mining company that operates large-scale mining facilities to produce and acquire Bitcoin through self-mining operations and strategic purchases. Backed by investors including members of the Trump family, it emphasizes industrial-scale mining infrastructure, leveraging energy-efficient technologies and partnerships to expand its hash rate capacity. The company went public via a merger, positioning itself as a key player in the Bitcoin ecosystem by combining mining with direct Bitcoin holdings. As a publicly traded entity on Nasdaq under the ticker ABTC, American Bitcoin aims to differentiate in the competitive mining sector by focusing on opportunistic Bitcoin accumulation and operational efficiency. It integrates traditional finance with cryptocurrency through its stock listing, allowing investors to gain exposure to Bitcoin mining without direct crypto ownership. The company's strategy includes scaling operations amid evolving regulatory and energy landscapes in the U.S.
American Bitcoin holds 5,427 BTC reserves and achieved 105% BTC yield since NASDAQ debut.
Achieved approximately 105% BTC yield since NASDAQ debut.
Total Bitcoin holdings now at 4,783 BTC following the 416 BTC purchase, while stock price has dropped 70% since September.
Purchases 416 BTC in new treasury addition.
Purchases $34 million worth of BTC in new treasury addition.
Total Bitcoin holdings reported at 4,308 BTC, down from 4,367 BTC reported on December 4th, representing a decrease of 59 BTC despite tweet claiming addition to treasury.
Buys 502 BTC, boosting total Bitcoin holdings to 4,367 BTC.
Total Bitcoin treasury holdings now valued at $415 million as stock price fluctuates.
Acquires 1,414 BTC valued at $163 million in new treasury purchase.
Company completes public listing on Nasdaq with Eric Trump as co-founder and Chief Strategy Officer.
HUT owns 80% of AmericanBTC ($5.7B stake) and will distribute 2% to GRYP holders upon September IPO. Combined entity holds 10,000 BTC ($1.1B) with $300M debt.
Merged entity to begin Nasdaq trading in early September under ABTC ticker.
Winklevoss twins invest Bitcoin into American Bitcoin Corp ahead of planned merger.
Merged entity has mined 215 BTC ahead of planned Nasdaq listing.
American Bitcoin raises $220M for Bitcoin and mining equipment acquisition, with $10M equity sold in Bitcoin.
American Bitcoin merges with Nasdaq-listed company to create BTC accumulation vehicle under ticker ABTC.
All-stock merger announcement triggers $GRYP stock surge to $2.19; post-merger entity to retain 98% ownership by Trump affiliates and Hut 8.