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Eric Trump-Backed Bitcoin Mining Firm Raises $220 Million Amid Public Listing Plans
American Bitcoin, a mining venture backed by Eric Trump and supported by Donald Trump Jr., has successfully raised $220 million through a private placement to fund the purchase of Bitcoin and expand its mining infrastructure. The fundraising effort is the latest in a series of moves by the Trump family to gain a strategic foothold in the digital asset economy. The company disclosed that approximately $10 million of the capital was contributed in Bitcoin, marking a rare example of crypto-native fundraising in traditional finance circles. This component of the raise was executed at an implied valuation of $104,000 per ... (full story)
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