Bitcoin Mining Company Backed by Trump Family Successfully Raises $220 Million, Preparing for Nasdaq IPO
American Bitcoin, a Bitcoin mining company supported by two sons of former US President Donald Trump – Eric Trump and Donald Trump Jr. – has just announced a successful fundraising of $220 million in its latest Capital call. The goal of this fundraising is to accumulate more Bitcoin and invest in expanding infrastructure and mining equipment to increase competitive capacity in the global BTC mining market.
A notable point is that out of the total Capital raised, $10 million worth of shares were directly paid by investors using Bitcoin instead of cash. This move shows the growing acceptance of BTC as a payment asset, especially in large-scale financial transactions involving the cryptocurrency industry.
In parallel with the plan to expand mining operations, American Bitcoin is also accelerating the process of public listing. The company plans to conduct an IPO through a merger with Gryphon Digital Mining Inc. – a Bitcoin mining company already listed on Nasdaq. This merger is expected to be completed as early as October, opening up opportunities for American Bitcoin to access a larger capital market and enhance its position in the digital asset mining industry in the United States.
