TechFlame reports that the US Bitcoin Company (ABTC), which is supported by the Trump family, recently accelerated the acquisition of Bitcoin and purchased an additional 1,726 BTC at a weighted average price of about $119,120/unit between July 1 and August 6, with a total value of US$205.6 million. ABTC is a holding subsidiary of Hut 8 Corp., and the acquisition increased its strategic Bitcoin reserves to approximately 2,130 BTC, worth approximately $254 million at current market prices. The acquisition comes after ABTC completed a $220 million private equity round at the end of June. The company plans to go public through a merger with Gryphon Digital Mining. The deal has been approved by the US Securities and Exchange Commission and a shareholder vote is expected later this month.