#AmericanBTC Raises $220M To Expand Mining Operations and Accumulate More Assets


American BTC, the mining firm backed by #EricTrump and Donald Trump Jr., has secured $220 million through private share placement.


The company sold over 11 million new shares to private investors, with approximately $10 million worth purchased using $BTC at $104,000 per coin.


Net proceeds of around $215 million will fund strategic goals, including purchasing additional $BTC and mining equipment.


The firm launched in March through a partnership between Hut 8 and American Data Centers, increasing Trump family involvement in crypto businesses.


American Bitcoin plans to go public in the second half of 2025 through a SPAC merger with Gryphon Digital Mining.


The company will trade on Nasdaq under ticker symbol ABTC once the #merger completes successfully.


This expansion aligns with President #Trump's goal of positioning America as a global leader in blockchain and digital assets.

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July 01, 2025 at 12:39 PM
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