American Bitcoin, supported by the Trump family, purchased Bitcoin worth 3.5 billion yen.

## Scheduled for listing of SPAC within the year

The Bitcoin (BTC) mining company "American Bitcoin," supported by Eric Trump, son of former President Donald Trump, and Donald Trump Jr., was revealed in SEC documents submitted on the 6th to have purchased 215 BTC (approximately 3.5 billion yen) as of May 31. This marked the company's first large-scale purchase following the announcement of its Bitcoin treasury strategy, which follows the strategy of Michael Saylor.

American Bitcoin was established on March 31 as a joint venture between Nasdaq-listed mining company Hut 8 and Trump-led American Data Centers. The structure involves Hut 8 holding 80% and American Data Centers holding 20% of the shares, with plans to go public on the Nasdaq market later this year through a merger with Gryphon Digital Mining via SPAC.

The company stated in its submitted documents that "efficient operations to produce Bitcoin below market prices" is its top priority, and outlined three operational layers to fund ongoing Bitcoin financial purchases and efforts for "ecosystem leadership." Eric Trump has been appointed Chief Strategy Officer (CSO), and Matt Pruzak has taken on the role of CEO.

The establishment of the company is attracting attention from both the Trump family's expansion into the cryptocurrency sector and Hut 8's restructuring efforts. In the long term, they plan to form a vertically integrated company as "two sister listing companies" consisting of energy and data center infrastructure firms and Bitcoin mining companies, and they are also considering accepting private investments before the listing.