American Bitcoin, Led by Eric Trump, Raises $220 Million to Boost BTC Holdings

American Bitcoin, backed by Eric Trump, raises $220 million to increase its Bitcoin mining operations and bolster its BTC treasury. A subsidiary of Hut 8 Mining, the corporate goals to go public by way of a merger with Gryphon Digital Mining, buying and selling as ABTC on Nasdaq.

Since 2024, top-tier buyers and hedge fund managers have been unable to disregard Bitcoin and the potential of a number of the finest cryptos to purchase. Undoubtedly, BTC ▲0.75% has been the highest performer over the past decade, outpacing even a number of the hottest shares, together with Palantir and Nvidia.

Bitcoin

Value

Market Cap

BTC

$2.13T

24h7d30d1yAll time

Amid the crypto increase, Wall Road buyers have shortly adjusted their positions, funneling billions into crypto-linked public firms like Coinbase (COIN), Circle (CIRCL), and Robinhood (HOOD).

Millions of {dollars} are additionally flowing into publicly listed crypto mining platforms, together with Hut 8 and Marathon Digital.

EXPLORE: High Solana Meme Cash to Purchase in July 2025

American Bitcoin Raises $220 Million to Broaden Operations and Bolster Reserves

On June 30, American Bitcoin, a crypto mining and holding firm backed by the Trump household, introduced it had raised $220 million in a non-public inventory sale.

In accordance with Eric Trump, the Chief Technique Officer, $10 million value of shares have been bought utilizing Bitcoin at a median value of $104,000.

The aim is to increase its Bitcoin mining operations and strengthen its Bitcoin Treasury. American Bitcoin is a subsidiary of Hut 8 Mining, a Bitcoin mining agency with operations in the US.

In accordance with the newest knowledge, Hut 8 Mining has an put in energy capability of 1,322 MW, producing over 7.5 EH/s of Bitcoin hash fee. In late 2023, it merged with US Bitcoin. By January 2025, Hut 8 held 10,096 BTC, of which 9,106 BTC have been mined and 990 BTC have been bought. The corporate additionally held $110 million in money. By March 2025, its holdings elevated to 10,264 BTC.

American Bitcoin plans to go public by way of an all-stock merger with Gryphon Digital Mining. The entity will commerce on Nasdaq underneath the ticker ABTC. Present shareholders, together with the Trump brothers and Hut 8, will retain 98% possession of the brand new firm.

These speedy developments come simply 4 months after Hut 8 partnered with the Trump brothers to launch American Bitcoin.

Within the deal, Hut 8 contributed practically all its Bitcoin ASICs to American Bitcoin in alternate for 80% of the corporate’s inventory. It stays unclear whether or not the Trump brothers maintain the remaining 20%.

In a press launch, Eric Trump stated Bitcoin mining, based mostly on “favorable economics, opens an even bigger opportunity.”

“From the start, we’ve backed our conviction in Bitcoin; personally and through our businesses. However, simply buying Bitcoin is only half the story. Mining it with favorable economics opens an even bigger opportunity. We’re excited to bring investors into this equation through a platform engineered to execute on this thesis and deliver real, tangible participation in Bitcoin’s growth.”

Discover: 9+ Greatest Excessive-Danger, Excessive–Reward Crypto to Purchase in July 2025

Impressed by Technique

Evidently, American Bitcoin is following Technique’s playbook. Previously MicroStrategy, Technique has been quickly accumulating Bitcoin no matter market circumstances and plans to boost $2.5 billion to accumulate extra Bitcoin.

The newest knowledge reveals that Technique controls 597,325 BTC, making it the world’s largest public Bitcoin treasury firm, holding over 10 instances the stash of Mara Holdings and over 50 instances that of Tesla.

(Supply)

Past Bitcoin mining, the Trump household is deeply concerned in crypto. In accordance with Arkham knowledge, their World Liberty Monetary DeFi platform at present manages over $180 million value of belongings, primarily Ethereum (ETH).

(Supply)

Donald and Melania Trump additionally launched a number of the high Solana meme cash in January, although their costs have slumped, dropping by over 60% from all-time highs.

Senator Elizabeth Warren argues that their involvement in crypto creates conflicts of curiosity, particularly given the Trump administration’s pro-crypto stance.

DISCOVER: 16 Subsequent Crypto to Explode in 2025: Skilled Cryptocurrency Predictions & Evaluation