
American Bitcoin tops 8,000 BTC after record quarter
- American Bitcoin increased its Bitcoin holdings above 8,000 BTC after reporting a record mining quarter.
- The company mined 622 BTC during the second quarter as its computing capacity and efficiency improved.
- American Bitcoin said it will continue combining Bitcoin mining with direct purchases to expand its treasury.
American Bitcoin increased its holdings above 8,000 Bitcoin (CRYPTO:BTC) after reporting a record quarterly mining performance.
The company mined 622 BTC during the second quarter as its mining capacity expanded and operating efficiency improved.
American Bitcoin uses a combined strategy of mining Bitcoin and purchasing additional BTC for its corporate treasury.
The company said it plans to continue expanding its Bitcoin holdings through mining operations and market purchases.
American Bitcoin was co-founded by Eric Trump and Donald Trump Jr. and began trading publicly following its combination with Gryphon Digital Mining.
The company competes with other listed Bitcoin miners while using its accumulated BTC holdings as a key measure of its strategy.
At the time of reporting, Bitcoin price was $63,297.33.