BREAKING: Eric Trump-Backed Mining Firm Secures $220M Powering America’s BTC Ambitions

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America’s increasing adoption of crypto, American Bitcoin, a mining firm sponsored by Eric Trump, has raised an enormous $220 million to finance its mining growth and Bitcoin hoarding strategy.

The information, published via a regulatory filing by Hut 8 Corp, confirms that the Trump-associated firm is accelerating efforts to position the U.S. as a world crypto mining leader.

This is not another funding announcement. It is a sign of a strong political and economic realignment putting America at the forefront of adopting decentralized finance and digital innovation.

American Bitcoin Raises $220M

Established in 2024, American Bitcoin raises, as it is a Bitcoin infrastructure and mining company. It is a majority-owned subsidiary of Hut 8, being one of North America’s largest and most experienced mining companies.

The mission of the company is to improve U.S.-based Bitcoin mining capacity, provide U.S.-based control over mining assets, and establish a solid Bitcoin treasury.

Source: Bloomberg

With a reported operations hub in Texas, American Bitcoin raises as it is intends to deploy thousands of ASIC mining equipment and invest in renewable energy solutions. It also seeks to investigate Bitcoin storage infrastructure with U.S. federal and state-level partners.

Gryphon Digital Mining

To go public with its mission, American Bitcoin is merging with Gryphon Digital Mining in an all-stock transaction. After the merger, the merged company will be listed on the Nasdaq exchange under the ticker symbol **ABTC**.

In a novel ownership structure, American Bitcoin states that shareholders of American Bitcoin, including Eric Trump, Donald Trump Jr., and Hut 8, will own 98% of the newly merged company, while Gryphon shareholders will retain 2%. The transaction is anticipated to close by Q3 2025.

Bitcoin Instead of Dollars

Out of the aggregate $220 million raised, approximately $10 million came in directly in Bitcoin, reflecting a trend of increasing appreciation for BTC over fiat in venture capital.

The action underscores the company’s confidence in Bitcoin as both an engineering and monetary backbone.

The money will be utilized to purchase new mining machinery, increase operations, and increase the holdings of Bitcoin in the company. So far, American Bitcoin raises that has already retained about 215 BTC worth about $23 million.

Eric Trump’s Impact on Crypto Policy

While Eric Trump does not have an official executive role at American Bitcoin raises, he is heavily involved in shaping the strategic direction of the company. As one of the leading voices for pro-crypto policies, he’s been instrumental in advancing a narrative that views Bitcoin mining as profitable and key to U.S. national security.

At recent cryptocurrency conferences, he declared, “Bitcoin is freedom,” and highlighted the use of domestic miners as the new energy entrepreneurs of America.

This is not the Trump family’s sole cryptocurrency effort. In 2024 and 2025, the family also introduced:

1. World Liberty Financial: With a stablecoin and governance token supported by an Abu Dhabi fund.

2. $TRUMP Meme Token: A viral token that is associated (albeit unofficially) with the Trump brand, raising millions and attracting legal attention.

These actions together demonstrate how the Trump team is reshaping American crypto participation—not only as investors, but as builders of the ecosystem.

BREAKING: Eric Trump-Backed Mining Firm Secures $220M Powering America’s BTC Ambitions = The Bit Journal — BREAKING: Eric Trump-Backed Mining Firm Secures $220M Powering America’s BTC Ambitions 5

America’s Crypto Vision

While most other countries are still negotiating regulations, the Trump-supported crypto drive is going all out and investing in infrastructure, public listing plans, and strategic treasury formation. Hut 8’s decision to go international and expand to Dubai is further indication that American Bitcoin raises aspirations reach beyond home soil even as its roots remain firmly planted in U.S. power and resilience.

The financing round and imminent Nasdaq listing illustrate how political power and digital assets intersect. If it succeeds, American Bitcoin can serve as a template for the way state-aligned initiatives can construct Web3 infrastructure in scale.

Summary

Trump-supported American Bitcoin raises $220 million to accelerate U.S. Bitcoin mining and strategic accumulation. With Eric Trump on board and a merger in the works with Gryphon Digital Mining, the company is set to go public on Nasdaq under the symbol “ABTC.” The venture is a manifestation of America’s bold new crypto strategy—driven by the conviction that Bitcoin is an economic opportunity as well as a national asset.