- American Bitcoin Raises $220M with Crypto-Backed Investment
- Trump Family Ties Elevate Visibility
- Hut 8 Expands into Dubai with Separate Crypto Trading Arm
American Bitcoin, a crypto mining company linked to the U.S. President Donald Trump’s family has secured $220 million in a private funding round. The move is expected to expand its mining operations and increase Bitcoin reserves.
The fundraising effort unveiled a regulatory filing submitted on June 27, 2025, which details the issuance of 11 million shares in a private placement, with gross proceeds amounting to $220 million.
Notably, $10 million of that was raised through a Bitcoin-for-equity transaction, with the firm accepting BTC instead of cash.
The average acquisition price for the Bitcoin transaction stood at approximately $104,000 per coin.
American Bitcoin is a majority-owned subsidiary of Hut 8 Corp., a publicly listed digital asset mining and infrastructure firm. As of June 10, the company’s Bitcoin treasury held 215 BTC.
The company’s political connections have drawn considerable attention. Donald Trump Jr. and Eric Trump were listed among the co-founders of American Bitcoin prior to Hut 8 acquiring a controlling interest on March 31.
The Trump affiliation, along with the firm’s aggressive fundraising and expansion strategy, positions it as a prominent player in the increasingly competitive Bitcoin mining sector.
Hut 8’s Dubai Expansion
Parallel to American Bitcoin’s developments, parent company Hut 8 is also expanding its global footprint.
According to a Bloomberg report, Hut 8 recently established a new crypto trading office in Dubai under the entity name Hut 8 Investment Ltd, aiming to enhance the firm’s trading capabilities and digital asset accumulation strategy in the region.
While Hut 8’s CEO Asher Genoot was quoted saying the Dubai office will “enhance the precision and efficiency of Hut 8’s capital strategy,” a spokesperson for the firm has clarified that the Dubai office will operate independently of American Bitcoin.
The UAE has emerged as a global hub for crypto firms due to its supportive regulatory framework. Still, companies operating in the region must navigate local compliance rules and legal structures carefully.
