American Bitcoin, a crypto mining firm backed by Donald Jr. and Eric Trump, has accumulated 215 Bitcoin since its launch, valued at approximately $23.7 million. This information comes from a recent filing with the U.S. Securities and Exchange Commission, dated June 6, which states that as of May 31, the firm's Bitcoin reserves are considered a core strategic asset aimed at enhancing long-term stockholder value. American Bitcoin intends to continue accumulating the cryptocurrency, reflecting a trend seen across more than 100 public companies diversifying their corporate treasuries with Bitcoin. This strategy aligns with the expansive digital asset efforts of the Trump family, which includes plans to go public. Additionally, the firm participated in the growing interest from various industries in Bitcoin, leveraging its assets as market conditions evolve. The Trumps' involvement in cryptocurrency has provoked mixed reactions from industry experts and the public, highlighting potential conflicts of interest given their connection to political power.

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