On July 1, 2025, American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., announced a successful $220 million capital raise. The funds were secured through the sale of over 11 million new shares to private investors. The company plans to use the proceeds to fund its Bitcoin accumulation goals and strategic initiatives. (Source: Reuters, May 12, 2025)
The capital raise follows the announcement of a merger with Gryphon Digital Mining, a Nasdaq-listed entity. The merger is expected to close in the third quarter of 2025, with the combined company trading under the American Bitcoin brand on Nasdaq under the ticker "ABTC." Since March 2025, American Bitcoin has accumulated over 215 BTC, valued at approximately $23 million as of June 2025. (Source: Reuters, May 12, 2025)
In May 2025, Trump Media & Technology Group raised $2.5 billion to invest in Bitcoin. This investment included $1.5 billion in equity and $1 billion in convertible notes. The Trump family's involvement aligns with President Donald Trump's pro-cryptocurrency stance. (Source: El Pais, May 27, 2025)