Eric Trump’s American Bitcoin has successfully raised $220 million through a private stock sale, which will be used to purchase additional Bitcoin.

Bitcoin Magazine Eric Trump’s 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 Trump’s American Bitcoin Corp. raised $215 million to purchase more #Bitcoin pic.twitter.com/qQ96COgB1k— Bitcoin Magazine (@BitcoinMagazine) June 30, 2025 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. The funding will be used to grow the company’s Bitcoin reserves and purchase additional mining equipment. The shares were sold under Rule 506 of Regulation D, exempting the offering from SEC registration. “The 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.” stated the filing. On March 31, Hut 8 announced it was transferring substantially all of its Bitcoin mining equipment to American Bitcoin in exchange for 80% of the newly formed company’s stock. Later in May, American Bitcoin announced 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. Also in May, Trump Media announced plans to raise $2.5 billion to build its own Bitcoin treasury, following the lead of Michael Saylor’s Strategy, which has increased its stock price by accumulating over 597,325 Bitcoin at the time of writing. “We’re seriously on crypto—we’re seriously on Bitcoin,” Don Trump Jr. emphasized. “We’re in three major deals. I believe we’re at the beginning of what will be the future of finance. And the opportunity is massive.” This post Eric Trump’s American Bitcoin Raises $220 Million in Private Stock Sale To Buy More BTC first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. You must only respond with the modified content and follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.