{"id":34822,"date":"2025-07-02T14:46:43","date_gmt":"2025-07-02T14:46:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34822"},"modified":"2025-07-02T14:46:43","modified_gmt":"2025-07-02T14:46:43","slug":"trump-family-goes-all-in-on-btc-raising-220-million-for-american-bitcoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34822","title":{"rendered":"Trump Family Goes All In On BTC, Raising $220 Million For American Bitcoin"},"content":{"rendered":"
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The Trump family\u2019s foray into the cryptocurrency market is intensifying, with recent developments highlighting their commitment to Bitcoin (BTC).\u00a0<\/p>\n

American Bitcoin, a cryptocurrency mining and holding company backed by Eric Trump and Donald Trump Jr. operating as a subsidiary of Hut8, announced on Monday that it successfully raised $220 million.\u00a0<\/p>\n

This significant capital injection will reportedly be used to bolster its BTC holdings and expand its mining operations, which involve the use of specialized computer servers to process Bitcoin transactions.<\/p>\n

American Bitcoin\u2019s Ambitious Plans<\/h2>\n

According <\/a>to Fortune, approximately $10 million of the funds from the private stock sale was immediately converted into Bitcoin, although specific details about the investors who purchased shares in the Trump sons\u2019 venture remain undisclosed.\u00a0<\/p>\n

Earlier this year, Hut 8 revealed that it would transfer the majority of its BTC mining equipment to American Bitcoin in exchange for an 80% stake in the newly formed company. While Eric and Donald Trump Jr. are known investors in American Bitcoin, it has not been clarified whether they hold the remaining 20% exclusively.<\/p>\n

American Bitcoin\u2019s ambitions include a public listing<\/a> through a reverse merger with Gryphon Digital Mining, aiming to trade on the Nasdaq under the ticker symbol ABTC by the third quarter of the year.\u00a0<\/p>\n

The Trump Family\u2019s Growing Footprint In the Crypto Market<\/h2>\n

The Trump family\u2019s engagement with cryptocurrency extends beyond American Bitcoin. Their publicly traded media company, Truth Social, recently expressed plans to raise $2.5 billion to create its own BTC treasury, drawing inspiration from Michael Saylor\u2019s Strategy.<\/p>\n

Additionally, the Trump Media and Technology Group (TMTG) has filed to launch its own BTC exchange-traded fund<\/a> (ETF) in the US, allowing investors to gain exposure to Bitcoin without directly owning the asset.<\/p>\n

Other crypto initiatives linked to the Trump family are also gaining traction. Notably, the president has introduced a memecoin with a market capitalization exceeding $1.7 billion called TRUMP.\u00a0<\/p>\n

Despite investors\u2019 initial excitement toward the president\u2019s official memecoin, it has failed to perform as expected. Twenty-four hours after its launch back in January of this year, the token surged from $10 to over $70. Since then, however, it has been on a consistent downtrend, amounting to an 88% drop from its all-time high.<\/p>\n

Furthermore, World Liberty Financial (WLFI), a decentralized finance<\/a> (DeFi) project, is set to release an app focused on DeFi. World Liberty Financial also has its own stablecoin, USD1, pegged to stable assets like the US dollar, boasting a market capitalization of around $2.2 billion.\u00a0<\/p>\n

\"Bitcoin\"<\/p>\n

As of this writing, TRUMP trades at $8.57, registering a major retrace of 23% in the monthly time frame.\u00a0<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Trump family\u2019s foray into the cryptocurrency market is intensifying, with recent developments highlighting their commitment to Bitcoin (BTC).\u00a0 American Bitcoin, a cryptocurrency mining and holding company backed by Eric Trump and Donald Trump Jr. operating as a subsidiary of Hut8, announced on Monday that it successfully raised $220 million.\u00a0 This significant capital injection will […]<\/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-34822","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\/34822","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=34822"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34822\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}