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Trump Family-Linked Mining Firm American Bitcoin Raises $220 Million for Bitcoin Purchase and Mining Equipment
2025-07-01 09:55
BlockBeats News, July 1st - According to Bloomberg, a cryptocurrency company associated with the family of U.S. President Donald Trump raised $220 million, as stated in a filing submitted on Monday. The funds will be used to purchase Bitcoin and digital asset mining equipment.
The company, named American Bitcoin, counts Trump's son Eric Trump among its supporters. As per the filing by the company's major shareholder, Hut 8 Corp., American Bitcoin issued new shares to private investors last Friday. Approximately $10 million worth of shares were sold in Bitcoin, not in USD.
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