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Trump Family-Backed American Bitcoin Purchases ¥3.5 Billion Worth of Bitcoin

2025/06/11 08:44 (Updated 2025/06/11 09:01)
CoinPost
Written by L.Kikutani
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Trump Family-Backed American Bitcoin Purchases ¥3.5 Billion Worth of Bitcoin

Scheduled for SPAC Listing Within the Year

Supported by Eric Trump and Donald Trump Jr., the Bitcoin (BTC) mining company 'American Bitcoin' was revealed to have purchased 215 BTC (approximately ¥3.5 billion) as of May 31, according to SEC documents filed on June 6. This marks the company's first major purchase following the announcement of a Bitcoin financial strategy inspired by Michael Saylor's approach.

American Bitcoin is a joint venture between Nasdaq-listed mining company Hut 8 and American Data Centers, led by the Trump family, established on March 31...

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Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.