Trump Family’s Crypto Company Moves Closer to Nasdaq Listing

Trump-linked crypto mining firm American Bitcoin has raised $220 million in a private share sale, with $10 million of it paid in Bitcoin at a striking $104,000 per coin. The company plans to go public via a Nasdaq merger, with Eric Trump set to join the board and Hut 8 continuing to lead operations.

Published by Ecem EFE

1 July 2025, 12:17 published Updated 1 July 2025, 12:17

Trump Family’s Crypto Company: American Bitcoin Makes Global Moves

Trump Family – American Bitcoin, a crypto mining firm with ties to the Trump family and majority-owned by Hut 8 Mining Corp, has raised $220 million through a private share placement. The capital will be used to expand Bitcoin mining infrastructure and increase the firm’s BTC treasury.

According to regulatory filings, 11 million shares were issued last Friday, generating gross proceeds of $220 million from the private sale.

$10 Million Worth of Shares Purchased with Bitcoin

What made the transaction stand out is that $10 million worth of shares were purchased using Bitcoin instead of cash—a rare move in corporate fundraising.
The average purchase price for the Bitcoin portion was $104,000 per BTC, highlighting investor confidence in long-term Bitcoin value.

As of June, American Bitcoin held 215 BTC in reserves. The company was co-founded by Donald Trump Jr. and Eric Trump, further deepening the political ties to the digital asset space.
Hut 8 acquired a majority stake in American Bitcoin on March 31, 2025.

Hut 8 Expands Into Dubai With New Crypto Trading Office

Meanwhile, Hut 8 is broadening its international presence, launching a new office in Dubai under the name Hut 8 Investment Ltd.
The office, registered on June 23, will focus on crypto trading and digital asset accumulation, according to a report by Bloomberg.

CEO Asher Genoot stated that the Dubai expansion will “enhance the precision and efficiency of Hut 8’s capital strategy.” The UAE continues to attract crypto firms thanks to its favorable regulatory and tax environment.

American Bitcoin Set to Go Public via Nasdaq Merger

In a significant development, American Bitcoin is preparing to go public through a merger with Nasdaq-listed Gryphon Digital Mining. The deal will be executed via a stock swap, and the resulting entity will continue under the American Bitcoin brand.

Eric Trump is set to join the board of directors post-merger. Under the new structure, current American Bitcoin shareholders will control 98% of the combined company, while Hut 8 will retain operational control.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.