Eric Trump's Crypto Venture Scores Massive $220M to Turbocharge Bitcoin Mining!

American Bitcoin Goes Big with Private Cash and Direct BTC Deals

Hold onto your hats, crypto fans! American Bitcoin, the cryptocurrency outfit backed by none other than Eric Trump, just pulled off a whopping $220 million raise from private investors. And get this—they're using that cash to snap up more Bitcoin and crank up their digital mining operations to eleven!

According to a juicy June 30 filing that Bloomberg got their hands on, about $10 million of that haul was actually paid in Bitcoin itself, not boring old U.S. dollars. By issuing extra shares to eager investors, American Bitcoin raked in a cool $220 million to fuel their asset grab and mining expansion.

This isn't just any old capital raise—it's a blockbuster entry into the crypto world for the Trump-linked crew. It's a clear sign that big money is betting big on digital assets, especially with the U.S. starting to warm up to pro-crypto laws.

President Donald Trump's been all about pushing crypto-friendly policies during his time in office, and his sons Eric and Donald Jr. have been diving headfirst into blockchain ventures left and right since their dad's been in the White House.

American Bitcoin's a fresh face on the scene, cooked up with advice from a Trump-tied investment bank. To kick things off, Hut 8 Corp. handed over their mining gear in exchange for a hefty 80% stake in the new venture. Hut 8, which runs mining ops in Alberta, New York, and Texas, is now eyeing a public debut for American Bitcoin through a merger with Gryphon Digital Mining Inc.

Bitcoin mining's at the heart of what American Bitcoin's all about—using slick, specialized gear to verify transactions on the blockchain and snag those sweet BTC rewards. This new cash infusion's gonna help them buy more Bitcoin and beef up their mining setup to go bigger than ever.

And get this—Hut 8's also setting their sights on Dubai! They've filed the paperwork with the Dubai International Financial Centre and are putting together a team out there, though they say it's not tied to the American Bitcoin project.

This monster raise puts American Bitcoin in the fast lane to becoming one of the most cash-flush mining ventures in the U.S., mixing political clout with a no-holds-barred acquisition strategy. With a public listing on the horizon, they could be the next big thing trading on U.S. markets, riding the Bitcoin wave to the top!