In a major development within the U.S. cryptocurrency landscape, American Bitcoin—a newly formed digital asset venture backed by Eric Trump—has successfully raised $220 million from private investors. The funding will be used to acquire Bitcoin (BTC) and scale its digital mining operations, marking a significant step in merging political influence with institutional-grade crypto investment.
This capital raise, disclosed in a June 30 regulatory filing reviewed by Bloomberg, highlights growing confidence among institutional investors in the long-term value of Bitcoin and the viability of large-scale mining ventures. Notably, $10 million of the investment was made directly in Bitcoin, underscoring a shift toward using digital assets as a legitimate medium for equity transactions.
Strategic Funding and Equity Structure
American Bitcoin raised the $220 million through an equity issuance to accredited private investors. The structure of the deal allowed for flexibility in payment methods—while most investments were made in fiat currency, a portion was settled in BTC, reflecting the increasing normalization of cryptocurrency in high-value financial deals.
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The company was formed with guidance from a Trump-advised investment bank and launched through a strategic transfer of mining infrastructure. Specifically, Hut 8 Corp., a prominent North American Bitcoin miner operating facilities in Alberta, New York, and Texas, contributed its mining equipment in exchange for an 80% equity stake in American Bitcoin. This move effectively fast-tracks the new entity’s operational readiness, giving it immediate access to proven mining hardware and energy partnerships.
Merging with Gryphon Digital Mining for Public Listing
A key component of American Bitcoin’s growth strategy is its planned public debut. Hut 8 intends to take American Bitcoin public via a merger with Gryphon Digital Mining Inc., a special purpose acquisition company (SPAC)-like entity focused on blockchain infrastructure. Once completed, this merger will allow American Bitcoin to trade on U.S. financial markets, offering retail and institutional investors alike the opportunity to gain exposure to a politically connected yet technically robust mining operation.
This path to going public aligns with a broader trend: more Bitcoin-focused companies are choosing SPAC mergers or reverse listings to bypass traditional IPO hurdles. With increasing regulatory clarity and market demand, such moves can accelerate liquidity and enhance credibility.
Core Focus: Bitcoin Mining and Asset Accumulation
At the heart of American Bitcoin’s business model lies proof-of-work (PoW) mining, the process by which specialized computers solve complex mathematical problems to validate transactions on the Bitcoin network and earn newly minted BTC as rewards.
The $220 million infusion will be allocated across two primary areas:
- Direct purchase of Bitcoin to build a strategic reserve
- Expansion of mining infrastructure, including next-generation ASIC rigs and low-cost energy contracts
By vertically integrating both mining operations and BTC holdings, American Bitcoin positions itself not just as a miner, but as a full-cycle digital asset company—one that benefits from both operational revenue and long-term appreciation of its BTC treasury.
Institutional Confidence Amid Shifting Regulatory Climate
The timing of this capital raise is significant. As political momentum builds in Washington for pro-crypto regulation, entities linked to influential figures are gaining traction. Former President Donald Trump has consistently advocated for innovation-friendly crypto policies, emphasizing energy efficiency in mining and financial sovereignty through decentralized technologies.
His sons, particularly Eric Trump, have taken active roles in blockchain ventures since leaving the White House. Their involvement signals a sustained interest in positioning family-affiliated businesses at the forefront of the digital economy.
Analysts suggest that such high-profile participation helps legitimize the industry while attracting traditional finance players who may have previously hesitated due to regulatory uncertainty.
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Geographic Expansion Beyond U.S. Borders
While American Bitcoin focuses on domestic operations, parent company Hut 8 is also pursuing international growth. Recently, it filed documents with the Dubai International Financial Centre (DIFC) and is assembling a local team in the UAE—a move aimed at expanding into Middle Eastern markets.
However, Hut 8 has clarified that this initiative is independent of the American Bitcoin project, emphasizing that its U.S.-based mining activities will remain the core focus for now.
Dubai’s business-friendly environment, tax incentives, and growing crypto ecosystem make it an attractive hub for blockchain companies looking to establish a global footprint.
Why This Matters for the Crypto Ecosystem
American Bitcoin’s successful fundraising underscores several important trends:
- Growing convergence between politics and crypto entrepreneurship
- Increased acceptance of BTC as a settlement asset in private equity deals
- Rising institutional appetite for exposure to both mining operations and direct BTC ownership
With strong backing, existing infrastructure, and a clear path to public markets, American Bitcoin could become one of the most well-funded mining ventures in North America.
Moreover, its hybrid strategy—combining active mining with long-term BTC accumulation—mirrors the approach taken by leaders like MicroStrategy and Marathon Digital Holdings, suggesting a maturing business model within the sector.
Frequently Asked Questions (FAQ)
Q: Who owns American Bitcoin?
A: American Bitcoin is majority-owned by Hut 8 Corp., which holds an 80% equity stake after transferring its mining equipment to the venture. The company was formed with advisory support from a Trump-linked investment bank and has ties to Eric Trump.
Q: How much money did American Bitcoin raise?
A: The company raised $220 million from private investors through an equity sale. Approximately $10 million of that amount was paid in Bitcoin rather than U.S. dollars.
Q: Is American Bitcoin going public?
A: Yes—Hut 8 plans to take American Bitcoin public through a merger with Gryphon Digital Mining Inc., enabling it to trade on U.S. financial markets.
Q: What will the funds be used for?
A: The capital will be used to purchase additional Bitcoin and expand mining infrastructure, including acquiring new ASIC miners and securing low-cost energy sources.
Q: Is this related to Donald Trump’s political platform?
A: While not officially part of any political campaign, the venture reflects the Trump family’s growing involvement in blockchain and digital assets. Donald Trump has expressed support for pro-crypto policies during his presidency and beyond.
Q: Can individuals invest in American Bitcoin now?
A: Currently, investment is limited to accredited private investors. However, once the merger with Gryphon Digital Mining is complete, shares are expected to be available on public markets.
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As American Bitcoin advances toward its public listing, it represents more than just another mining startup—it symbolizes a broader shift toward mainstream acceptance of digital assets, driven by capital, infrastructure, and influential advocacy. For observers and investors alike, this is one project worth watching closely in 2025 and beyond.