Trump family's American Bitcoin raises $220 million through private stock sale, plans to go public

From Yahoo Finance: 2025-07-01 10:44:00

The Trump family’s crypto venture, American Bitcoin, raised $220 million in a private stock sale to acquire more Bitcoin and miners. Eric and Donald Trump Jr. are investors. American Bitcoin plans to go public on Nasdaq as $ABTC after merging with Gryphon Digital Mining.

American Bitcoin is a subsidiary of publicly traded Bitcoin miner Hut 8. In March, Hut 8 transferred mining equipment to American Bitcoin for stock. Eric and Donald Trump Jr. own a portion of American Bitcoin, but ownership details were not disclosed.

Trump’s crypto empire expands: media business to raise $2.5 billion for Bitcoin treasury, launching ETF. With a $1.7 billion memecoin and $2.2 billion stablecoin, Trump’s World Liberty Financial project includes a DeFi app. Trump’s businesses following Michael Saylor’s lead in accumulating Bitcoin.

Trump’s crypto businesses, including American Bitcoin, are booming. The former president’s ventures include a memecoin with a $1.7 billion market cap and World Liberty Financial, with a $2.2 billion stablecoin. Media business to raise $2.5 billion for Bitcoin treasury and launch ETF for investors.

Read more: Trump family’s Bitcoin-mining company raises $220 million