Trump-linked American Bitcoin raises $220M to purchase Bitcoin and mining rigs
Eric Trump-backed cryptocurrency company American Bitcoin has raised $220 million from private investors to purchase Bitcoin and expand its digital mining business.
The news was disclosed in a June 30 filing reviewed by Bloomberg, which revealed that part of the equity sale, worth about $10 million, was transacted directly in Bitcoin Bitcoin
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Bitcoin rather than U.S. dollars. Through the issuance of additional shares to private investors, American Bitcoin was able to raise $220 million for asset accumulation and mining expansion.
The capital raise marks a high-profile entry into the crypto space for the Trump-linked entity and reflects growing institutional confidence in digital asset markets. This comes as political momentum builds in the U.S. for pro-crypto regulation. #TrumpCrypto
