American Bitcoin, a cryptocurrency firm backed by Eric Trump, has secured a massive $220 million to fuel its ambitions in the booming crypto market. The significant fundraising effort, reported by Bloomberg, marks a high-profile entry for the Trump family into crypto mining.
$200M Fundraising Fuels Bitcoin Ambitions
American Bitcoin raised $220 million through a private placement, with a unique twist. Approximately $10 million of the equity was sold in Bitcoin rather than traditional dollars. This crypto-native approach highlights the firm’s commitment to digital assets.
The funds are earmarked for two primary goals, which include purchasing large volumes of Bitcoin to strengthen the company’s treasury and acquiring advanced Bitcoin mining equipment, specifically ASIC miners. This strategy blends traditional mining with a focus on accumulating Bitcoin as a long-term asset.
The investment reflects a broader trend of institutional interest in digital assets, driven by the Trump family’s push to position the U.S. as a global leader in the crypto space. Eric Trump, the co-founder and Chief Strategy Officer, emphasized the mission to build the world’s largest Bitcoin mining operation.
American Bitcoin Plans Public Listing
Hut 8 Corp., a prominent Canadian Bitcoin mining company, plays a central role in the company’s operations, holding an 80% equity stake in the venture. Hut 8 transferred its mining equipment to American Bitcoin, which operates over 60,000 miners across facilities in New York, Alberta, and Texas. This partnership leverages Hut 8’s expertise in low-cost, sustainable mining infrastructure.
American Bitcoin disclosed that it plans to go public through an all-stock merger with Gryphon Digital Mining Inc., a Nasdaq-listed crypto firm. The deal, expected to close by Q3 2025, will see the combined entity trade under the ticker “ABTC,” with existing shareholders, including the Trump brothers, retaining 98% ownership.
Meanwhile, the crypto sector is witnessing a wave of high-profile collaborations to fund Bitcoin acquisitions, reflecting growing institutional interest. In June 2025, Europe’s Blockchain Group partnered with institutional investors to raise $340 million for its Bitcoin treasury, following a $68 million BTC purchase. Trump Media and Technology Group also raised $3 billion through stock and debt offerings to build a Bitcoin treasury, aligning with the Trump family’s crypto ventures.
These partnerships highlight a strategic push to diversify corporate assets with Bitcoin, leveraging substantial capital to strengthen market positions.
