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Trump Family-Backed Bitcoin Company Accelerates Accumulation of BTC, Reserves Reach 2130 Coins
Summary: According to reports from The Miner Mag, the American Bitcoin company supported by the Trump family (ABTC) has recently accelerated the purchase of Bitcoin. Between July 1 and August 6, they purchased an additional 1,726 BTC at an average price of approximately $119,120 per coin, totaling $205.6 million. ABTC, a subsidiary of Hut 8 Corp., ...
According to reports from The Miner Mag, the American Bitcoin company supported by the Trump family (ABTC) has recently accelerated the purchase of Bitcoin. Between July 1 and August 6, they purchased an additional 1,726 BTC at an average price of approximately $119,120 per coin, totaling $205.6 million. ABTC, a subsidiary of Hut 8 Corp., now holds a strategic Bitcoin reserve of around 2,130 BTC, valued at approximately $254 million at current market prices. This acquisition follows ABTC's completion of a $220 million private equity financing at the end of June. The company plans to go public through a merger with Gryphon Digital Mining, a transaction that has been approved by the U.S. Securities and Exchange Commission and is expected to undergo shareholder voting later this month.
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Link: Trump Family-Backed Bitcoin Company Accelerates Accumulation of BTC, Reserves Reach 2130 Coins [Copy]
