{"id":34544,"date":"2025-07-01T10:16:59","date_gmt":"2025-07-01T10:16:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34544"},"modified":"2025-07-01T10:16:59","modified_gmt":"2025-07-01T10:16:59","slug":"american-bitcoin-backed-by-eric-and-donald-trump-jr-pulls-in-220m-to-accumulate-btc","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34544","title":{"rendered":"American Bitcoin, Backed by Eric and Donald Trump Jr, Pulls In $220M to Accumulate BTC"},"content":{"rendered":"<div>\n<p>American Bitcoin Corp, a Miami-based mining company majority owned by Hut 8 (HUT) and backed by the Trump family, has raised $220 million from accredited investors, according to a <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1964789\/000155837025009004\/hut-20250624x8k.htm\">filing<\/a> with the U.S. Securities and Exchange Commission.<\/p>\n<p>The raise topped its target of $200 million, and it also accepted about $10 million worth of bitcoin (BTC) in lieu of cash, the filing details. The placement netted roughly $215 million after fees. The firm sold 11,002,954 Class A shares in total.<\/p>\n<p>The fresh capital will be used add bitcoin to the firm&#8217;s treasury and upgrade its fleet of mining machines.<\/p>\n<p>The sons of U.S. President Donald Trump, Eric and Donald Trump Jr, owned American Data Center, which merged with American Bitcoin. According to earlier reports, American Bitcoin is 80% owned by Hut 8, with the Trump brothers owning 20%.<\/p>\n<p>In May, the firm <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/12\/trump-family-backed-american-bitcoin-to-go-public-via-merger-with-gryphon-digital\">announced it is vying a public listing<\/a> by merging with Gryphon Digital Mining (GRYP). Hut 8\u2019s share are down 0.86% in pre-market trading at $18.44.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/12\/trump-family-backed-american-bitcoin-to-go-public-via-merger-with-gryphon-digital\">Trump Family-Backed American Bitcoin to Go Public via Merger With Gryphon Digital<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>American Bitcoin Corp, a Miami-based mining company majority owned by Hut 8 (HUT) and backed by the Trump family, has raised $220 million from accredited investors, according to a filing with the U.S. Securities and Exchange Commission. The raise topped its target of $200 million, and it also accepted about $10 million worth of bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34544","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34544"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34544\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}