Trump family-affiliated companies raise $220 million to mine cryptocurrency, with some shares paid in Bitcoin

2025-07-01 16:04:17

A cryptocurrency business associated with the family of U.S. President Donald Trump has raised $220 million to buy bitcoin and digital asset mining equipment, according to a filing on Monday. American Bitcoin, a company formed by supporters including Trump's son Eric Trump, issued new shares to private investors on Friday. According to documents filed by Hut 8 Corp, a major shareholder of American Bitcoin, some of the shares (worth about $10 million) were sold in bitcoin rather than dollars.

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