Trump-Linked Crypto Venture Raises $220M to Enter Bitcoin Mining

A crypto venture linked to Donald Trump's family has raised $220 million.

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The company, American Bitcoin, is backed by Eric Trump.

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It plans to invest heavily in Bitcoin and digital asset mining equipment.

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Private investors bought newly issued shares to fund the venture.

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Some equity was sold in exchange for Bitcoin instead of cash.

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Hut 8 Corp is the majority owner of American Bitcoin.

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The company aims to go public through a strategic merger.

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It will merge with Gryphon Digital Mining Inc. to enter public markets.

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The move signals growing political ties within the crypto industry.

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How Much Should You Earn in a Month to Buy 1 Bitcoin?

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