US Edition
American Bitcoin Pulls In $220M for BTC Accumulation Ahead of Listing
- American Bitcoin Corp, supported by members of the Trump family, secured $220 million from accredited investors to increase its Bitcoin holdings and enhance its mining operations.
- In March 2025, Hut 8 transferred nearly all of its Bitcoin mining hardware to its subsidiary, American Bitcoin, in return for an 80% equity stake in the newly established company.
- American Bitcoin announced a planned public listing through a reverse merger with Gryphon Digital Mining, expecting to trade under the ticker "ABTC" on Nasdaq.
- Approximately $10 million of the capital raised came in Bitcoin, and after deducting fees, the transaction generated about $215 million, surpassing the initial goal of $200 million.
- The merged company will continue operating under the American Bitcoin brand with existing management, aiming to close the transaction as early as Q3 2025.
49 Articles
49 Articles
The Billings Gazette
American Bitcoin and Gryphon Digital Mining Advance Toward Public Listing of American Bitcoin with Filing of Amended Registration Statement on Form S-4
American Bitcoin expected to trade on Nasdaq under the ticker symbol "ABTC"
Trump family’s Bitcoin-mining company raises $220 million
The Trump family’s crypto business is increasingly becoming a bet on Bitcoin. On Monday afternoon, American Bitcoin, a cryptocurrency mining and holding company backed by Eric Trump and Donald Trump Jr., announced that it had raised $220 million. The firm plans to use the new capital to acquire more of the world’s largest cryptocurrency, and to buy more miners, which are computer servers that process Bitcoin transactions in exchange for crypto. …
Eric Trump’s American Bitcoin Corp. Secures $220 Million To Expand Bitcoin Holdings
American Bitcoin Corp., the majority-owned subsidiary of Hut 8 Corp., has raised $220 million through a private stock sale aimed at expanding its Bitcoin treasury and mining operations. According to a recent SEC filing, a portion of the investment was made directly in Bitcoin.🇺🇸 Eric Trump's firm, American Bitcoin Corp., secures $215M in fresh funding to expand its #Bitcoin holdings 🔥 pic.twitter.com/6LHvQ3Qz9B— BTC Times (@BTCTimescom) July …
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