American Bitcoin Corp. (Nasdaq: ABTC), a mining platform supported by the Trump family, has significantly increased its Bitcoin holdings, now totaling 3,865 bitcoin. This growth, achieved by acquiring 1,414 bitcoin since September, showcases a strategic blend of mining output and purchases from the secondary market.
America's Bitcoin Infrastructure Backbone
Strategic Bitcoin Accumulation
Based in Miami, American Bitcoin positions itself as the fundamental Bitcoin infrastructure in the United States. Their recent accumulation includes both coins held in custody and those allocated for miner acquisitions through a procurement deal with Bitmain.
Rapid Expansion Trajectory
This latest development follows a trend of rapid expansion that commenced earlier this year when Hut 8 separated its U.S. mining division into an independent, publicly traded entity.
Transparent Approach to Growth
Eric Trump, the co-founder and chief strategy officer, emphasized the importance of transparent updates in reflecting the success of a Bitcoin accumulation platform. Their commitment lies in increasing their holdings while ensuring that each share is solidly backed by Bitcoin.
Executive Chairman Asher Genoot highlighted that American Bitcoin's integrated mining model enables them to reduce the average cost per Bitcoin, setting them apart from treasury-style vehicles. This advantage allows for a more efficient compounding of Bitcoin value per share, benefiting their investors.
The company's stock, ABTC, has experienced volatility since its debut in September, recently rebounding to $5.62 after plummeting below $5 midweek. Valued at approximately $5.1 billion, American Bitcoin stands out for its ambitious expansion strategies and close connections to the Trump family.
As of now, the stock is trading at $5.83, while Bitcoin sits at $115,000 post a tumultuous period.
Gryphon, American Bitcoin Merger
Efficient Bitcoin Mining Merger
In a noteworthy move earlier this year, Gryphon Digital Mining merged with American Bitcoin Corp., a Trump family–supported subsidiary of Hut 8. This strategic merger aims to establish the most efficient pure-play Bitcoin miner in the industry by combining Gryphon's mining technology with American Bitcoin's financial strength and large-scale reserve strategy.
The finalized merger provides American Bitcoin with a streamlined path to the public markets, with Gryphon shareholders now owning 2% of the combined entity, while American Bitcoin stakeholders hold the remaining 98%.
With a strong foundation and a focus on growth, American Bitcoin's expansion and strategic partnerships position them as a key player in the evolving landscape of Bitcoin mining.
Frequently Asked Questions
Who has the gold in a IRA gold?
The IRS considers gold owned by an individual to be “a type of money” and is subject taxation.
To take advantage of this tax-free status, you must own at least $10,000 worth of gold and have been storing it for at least five years.
The purchase of gold can protect you from inflation and price volatility. But it's not smart to hold it if your only intention is to use it.
If you are planning to sell your gold someday, it is necessary that you report its value. This can affect the capital gains taxes that you owe when cashing in on investments.
To find out what options you have, consult an accountant or financial planner.
What are the benefits of a Gold IRA?
It is best to put your retirement money in an Individual Retirement Account (IRA). It's tax-deferred until you withdraw it. You have complete control over how much you take out each year. There are many types available. Some are better suited to college savings. Others are intended for investors seeking higher returns. For example, Roth IRAs allow individuals to contribute after age 59 1/2 and pay taxes on any earnings at retirement. The earnings earned after they withdraw the funds aren't subject to any tax. This type account may make sense if it is your intention to retire early.
An IRA with a gold status is like any other IRA because you can put money into different asset classes. Unlike a regular IRA where you pay taxes on gains, a gold IRA doesn't require you to worry about taxation while you wait to get them. For people who would rather invest than spend their money, gold IRA accounts are a good option.
Another benefit to owning IRA gold is the ability to withdraw automatically. This means that you don't need to worry about making monthly deposits. You could also set up direct debits to never miss a payment.
Finally, gold is one the most secure investment options available. Because it's not tied to any particular country, its value tends to remain steady. Even in economic turmoil, gold prices tends to remain relatively stable. This makes it a great investment option to protect your savings from inflation.
What is the best precious metal to invest in?
The answer to this question depends on how much risk you are willing to take and what type of return you want. Although gold has traditionally been considered a safe investment choice, it may not be the most profitable. For example, if you need a quick profit, gold may not be for you. If you have the patience to wait, then you might consider investing in silver.
If you're not looking to make quick money, gold is probably your best choice. If you are looking for a long-term investment that will provide steady returns, silver may be a better choice.
Statistics
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
External Links
irs.gov
forbes.com
- Gold IRA: Add some sparkle to your retirement nest egg
- Understanding China's Evergrande Crisis – Forbes Advisor
investopedia.com
wsj.com
- Saddam Hussein's InvasionHelped Uncage a Bear In 90 – WSJ
- You want to keep gold in your IRA at home? It's Not Exactly Legal – WSJ
How To
The History of Gold as an Asset
From the beginning of history, gold was a popular currency. It was universally accepted and loved for its beauty, durability, purity and divisibility. Because of its intrinsic value, it was also widely traded. There were different measures and weights for gold, as there was no standard to measure it. One pound sterling in England was equivalent to 24 carats silver, while one livre tournois in France was equal 25 carats. In Germany, one mark was equivalent to 28 carats.
In the 1860s the United States began issuing American currency made up 90% copper (10% zinc) and 0.942 gold (0.942 pure). This caused a drop in foreign currency demand which resulted in an increase of their prices. The price of gold dropped because the United States began to mint large quantities of gold coins. Because the U.S. government had too much money coming into circulation, they needed to find a way to pay off some debt. They decided to sell some excess gold to Europe in order to do this.
Since most European countries were not confident in the U.S. dollar they began accepting gold as payment. After World War I, however, many European countries started using paper money to replace gold. The price of gold rose significantly over the years. Although the price of gold fluctuates today, it remains one of your most safe investments.
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By: Micah Zimmerman
Title: American Bitcoin Expansion: Trump-Backed Company Adds 1,414 Bitcoin
Sourced From: bitcoinmagazine.com/business/american-bitcoin-adds-1414-bitcoin
Published Date: Mon, 27 Oct 2025 14:10:07 +0000
