Secret Bitcoin activities conducted by a company supported by Donald Trump in the US have come to light! Here are the details.

The American Bitcoin company, supported by U.S. President Donald Trump and his son Eric Trump, quietly accumulated 215 BTC as part of its Bitcoin accumulation strategy launched in April. This amount exceeds 23 million dollars based on current market capitalization. This accumulation is noteworthy as an important reserve that the company had not previously disclosed to the public.

American Bitcoin launched in March and Eric Trump serves as the company's Chief Strategy Officer.

Eric Trump stated, "Our vision for American Bitcoin is to create the most investable BTC accumulation platform in the market."

The Trump administration promised to make the U.S. a global leader in the cryptocurrency space while sharing that it would adopt a lighter regulatory approach. However, these steps are criticized by ethics experts and political opponents over concerns of conflicts of interest.

American Bitcoin stated that they consider BTC reserves as a "fundamental strategic asset" and that this reserve is managed adaptively. The company's goal is to support balance sheet strength and increase long-term shareholder value.

It was announced that the company does not have a specific BTC target for its accumulation strategy, but instead plans to expand its assets by increasing capital according to market conditions. The firm stated, "BTC accumulation is not a by-product of ABTC's business; it is the business itself," and announced that its Layer 2 strategies aim to convert Bitcoin production into long-term ownership.

*This is not investment advice.

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