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American Bitcoin raised $220 million to add bitcoin to its corporate treasury and upgrade its mining equipment.
American Bitcoin Corp is a Miami-based mining company and is backed by the U.S. President Donald Trump’s family.
American Bitcoin raised $220 million in a private placement by selling over 11 million shares, including $10 million worth of shares accepted in bitcoin at a rate of $104,000 per bitcoin.
American Bitcoin, majority-owned by bitcoin mining firm Hut 8, announced that it raised $220 million.
American Bitcoin plans to enter public markets as part of a broader strategy by merging with Gryphon Digital Mining.

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