Eric Trump's company raised 220 million dollars to buy Bitcoin and crypto mining equipment.

TapChiBitcoin

2025-06-30 18:15:43

LA1,11%

According to Bloomberg, a cryptocurrency company supported by Eric Trump, the son of President Trump, called American Bitcoin 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 in equity sold in Bitcoin instead of US dollars.

The main shareholder of American Bitcoin, Hut 8 Corp, plans to take the company public through a merger with Gryphon Digital Mining Inc. Hut 8 had previously transferred its mining equipment to American Bitcoin in exchange for an 80% stake.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments