B
BTC $71,340 ↓ 4.5%
E
ETH $2,194 ↓ 6.1%
U
USDT $1.00 ↑ 0%
X
XRP $1.46 ↓ 4.5%
B
BNB $651.41 ↓ 3.3%
U
USDC $1.00 ↑ 0%
S
SOL $90.25 ↓ 5.1%
T
TRX $0.30 ↓ 0.8%
F
FIGR_HELOC $1.02 ↓ 0.9%
D
DOGE $0.10 ↓ 5.5%
W
WBT $57.01 ↓ 2.4%
U
USDS $1.00 ↑ 0%
B
BTC $71,340 ↓ 4.5%
E
ETH $2,194 ↓ 6.1%
U
USDT $1.00 ↑ 0%
X
XRP $1.46 ↓ 4.5%
B
BNB $651.41 ↓ 3.3%
U
USDC $1.00 ↑ 0%
S
SOL $90.25 ↓ 5.1%
T
TRX $0.30 ↓ 0.8%
F
FIGR_HELOC $1.02 ↓ 0.9%
D
DOGE $0.10 ↓ 5.5%
W
WBT $57.01 ↓ 2.4%
U
USDS $1.00 ↑ 0%

Trump-Linked American Bitcoin Raises $220M

July 1, 2025 Sama Tarek 1 min read Short News

American Bitcoin, a majority-owned subsidiary of Hut 8 and co-founded by Donald Trump Jr. and Eric Trump, has raised $220 million through a private placement. The funds will be used to acquire Bitcoin mining equipment and expand the company’s Bitcoin treasury. Notably, $10 million of the raise was accepted in Bitcoin instead of cash. This comes as Hut 8 also expands its operations to Dubai with a new office focused on crypto trading and digital asset accumulation.

Sama Tarek

Sama Farghaly is a Compliance Research Associate who works with web3, fintech, and digital asset companies to help them understand and comply with the regulatory environment of both the UAE and global markets. She transforms complicated compliance requirements and licensing into straightforward, step-by-step actions that start-up and licensed entities can easily employ. Her goal is to make compliance easy, practical and achievable.

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