A company backed by Donald Trump’s sons, Eric Trump and Donald Trump Jr., has raised $220 million specifically for Bitcoin purchases and mining equipment.
American Bitcoin announced the successful completion of its private investment round, selling approximately 11 million new shares to raise $220 million. The company confirmed that all the proceeds would be dedicated to acquiring Bitcoin and crypto mining equipment. One noteworthy detail was that approximately $10 million worth of shares were paid directly in Bitcoin instead of cash.
During the investment round, the price per share valued in Bitcoin was approximately $104,000, with the majority stake in American Bitcoin controlled by a Canada-based mining firm. American Bitcoin aims to go public on Nasdaq via a SPAC merger with Gryphon Digital Mining Inc. in the second half of 2025, adopting the ticker symbol "ABTC."
This latest investment highlights the Trump family's growing interest in cryptocurrencies and blockchain technology. Additionally, the move aligns closely with the United States' ambitions to establish global leadership in digital assets and blockchain innovation.
