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.
Trump-Linked American Bitcoin Raises $220M
