$BTC A crypto venture linked to Donald Trump’s , American Bitcoin, raised $220 million to fund Bitcoin mining operations, with $10 million of shares sold for Bitcoin. #BTC $BTC

Backed by Eric Trump, the venture aligns with the Trump administration’s pro-crypto stance. The mining process, which validates transactions and earns new tokens, is highly energy-intensive. Meanwhile, Hut 8, American Bitcoin’s majority owner, plans to expand to Dubai, though this move is unrelated to the Trump-linked venture. The Trump family continues to capitalize on crypto opportunities, reflecting their influence in the growing digital asset sector.