Techub News reports that, according to Bloomberg, Eric Trump, son of Donald Trump, supports the cryptocurrency company American Bitcoin, which has raised $220 million to purchase Bitcoin and digital asset mining equipment. The company issued new shares to private investors last Friday, with about $10 million of the equity sold in Bitcoin rather than US dollars. The main shareholder of American Bitcoin, Hut 8 Corp, plans to take it public by merging with Gryphon Digital Mining Inc. Hut 8 had previously transferred its mining equipment to American Bitcoin in exchange for an 80% equity stake.