{"id":4030,"date":"2025-07-01T18:16:11","date_gmt":"2025-07-01T18:16:11","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/07\/01\/eric-trumps-american-bitcoin-raises-220-million-in-private-stock-sale-to-buy-more-btc\/"},"modified":"2025-07-01T18:16:11","modified_gmt":"2025-07-01T18:16:11","slug":"eric-trumps-american-bitcoin-raises-220-million-in-private-stock-sale-to-buy-more-btc","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/07\/01\/eric-trumps-american-bitcoin-raises-220-million-in-private-stock-sale-to-buy-more-btc\/","title":{"rendered":"Eric Trump\u2019s American Bitcoin Raises $220 Million in Private Stock Sale To Buy More BTC"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Eric Trump\u2019s American Bitcoin Raises $220 Million in Private Stock Sale To Buy More BTC<\/a><\/p>\n

<\/div>\n

Hut 8 Corp. filed<\/a> with the SEC that its majority-owned subsidiary, American Bitcoin Corp., has raised $220 million in a private stock placement with accredited investors, with a portion of the investment made in Bitcoin.<\/p>\n

\n

JUST IN: Eric Trump’s American Bitcoin Corp. raised $215 million to purchase more #Bitcoin<\/a> pic.twitter.com\/qQ96COgB1k<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) June 30, 2025<\/a>\n<\/p><\/div>\n

The company announced that it sold over 11 million shares of its Class A common stock during the first closing of the transaction on June 27, following a June 24 agreement with accredited investors. The offering included $10 million worth of shares purchased with Bitcoin, using a conversion rate of $104,000 per Bitcoin. After fees and commissions, the company received approximately $215 million in net proceeds.<\/p>\n

The funding will be used to grow the company\u2019s Bitcoin reserves and purchase additional mining equipment. The shares were sold under Rule 506 of Regulation D, exempting the offering from SEC registration.<\/p>\n

\u201cThe Company intends to use the net proceeds to fund its strategic and Bitcoin accumulation goals, which may include, but are not limited to, the purchase of Bitcoin and\/or miners.\u201d stated the filing.<\/p>\n

On March 31, Hut 8 announced<\/a> it was transferring substantially all of its Bitcoin mining equipment to American Bitcoin in exchange for 80% of the newly formed company\u2019s stock. Later in May, American Bitcoin announced<\/a> plans to go public through a reverse merger with Gryphon Digital Mining, with intentions to begin trading on the Nasdaq under the ticker ABTC as early as the third quarter.<\/p>\n

Also in May, Trump Media announced<\/a> plans to raise $2.5 billion to build its own Bitcoin treasury, following the lead of Michael Saylor\u2019s Strategy, which has increased its stock price by accumulating over 597,325<\/a> Bitcoin at the time of writing.\u00a0<\/p>\n

\u201cWe\u2019re seriously on crypto\u2014we\u2019re seriously on Bitcoin,\u201d Don Trump Jr. emphasized. \u201cWe\u2019re in three major deals. I believe we\u2019re at the beginning of what will be the future of finance. And the opportunity is massive.\u201d<\/p>\n

This post Eric Trump\u2019s American Bitcoin Raises $220 Million in Private Stock Sale To Buy More BTC<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Oscar Zarraga Perez<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Eric Trump\u2019s American Bitcoin Raises $220 Million in Private Stock Sale To Buy More BTC Hut 8 Corp. filed with the SEC that its majority-owned subsidiary, American Bitcoin Corp., has raised $220 million in a private stock placement with accredited investors, with a portion of the investment made in Bitcoin. JUST IN: Eric […]<\/p>\n","protected":false},"author":0,"featured_media":4031,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4030","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4030"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4031"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}