American Bitcoin, the recently launched bitcoin mining firm backed by Eric Trump and Donald Trump Jr., raised $220 million to purchase bitcoin and crypto mining equipment, according to a recent filing. The raise came after the company issued and sold over 11 million new shares to private investors last Friday, a recent filing from Hut 8, a majority owner of American Bitcoin, showed. Around $10 million worth of shares were sold for bitcoin instead of dollars, at an exchange rate of $104,000 per bitcoin.
