Trump family’s Bitcoin-mining company raises $220 million😲
The Trump family's crypto venture, American Bitcoin—backed by Eric Trump and Donald Trump Jr.—has raised $220 million to expand its Bitcoin holdings and mining operations. About $10 million of the funds were immediately used to buy Bitcoin. The company, a subsidiary of publicly traded miner Hut 8, plans to invest in more mining equipment as well. The identities of the investors in the private stock sale were not disclosed.
