American Bitcoin, Backed by Trump Allies, Secures $220M for #BTC and Mining Push
New political powerhouse in crypto? Pro-Trump firm eyes major influence in $BTC Bitcoin mining.
In a bold move that fuses politics with crypto, American #Bitcoin a company with strong ties to former President Donald Trump and MAGA-aligned financiers, has secured $220 million in funding.
The capital will be used to buy Bitcoin and mining equipment, aiming to strengthen the United States’ control over the global Bitcoin network.
The funding round was led by a group of politically conservative investors and institutional players who view Bitcoin as a strategic asset—not only economically, but ideologically.
American #bitcoin plans to:
Purchase a significant stash of BTC as part of its treasury reserve strategy.
Expand large-scale mining operations, primarily in Texas and Wyoming—two states with crypto-friendly policies and cheap energy.
Invest in next-gen mining rigs, boosting hashrate to compete globally.
The company is reportedly in talks with Bitmain and MicroBT to secure high-efficiency mining rigs, a move that could see it rival existing giants like Riot Platforms and Marathon Digital.
Trump’s Indirect Influence
While not directly involved, Trump’s name looms large. Several backers of American Bitcoin are known donors to his campaign, and the project aligns with his recent pro-crypto political pivot.
This development positions American Bitcoin as more than a mining company—it’s a politically aligned digital asset player aiming to shape U.S. crypto policy and infrastructure.
Implications for the Market
This $220M injection could ripple through the market:
BTC price tailwinds: Strategic buying may add bullish pressure to Bitcoin markets.
Mining hashrate war: U.S. mining dominance could increase, challenging China and other regions.
Regulatory messaging: With Trump’s 2024 campaign heating up, crypto may become a wedge issue in the election.