Eric Trump-Linked Amerian Bitcoin Corp Raises $220M for Crypto Mining Push

A cryptocurrency venture linked to President Donald Trump’s family has raised $220 million to fund large-scale Bitcoin mining operations and purchase digital asset infrastructure, according to a regulatory filing released Monday.

The firm, American Bitcoin Corp, secured the capital through a private equity offering completed last Friday. Of the total raise, approximately $10 million was contributed directly in Bitcoin, rather than U.S. dollars, underscoring the company’s alignment with the digital asset economy.

What Is American Bitcoin Corp?

American Bitcoin Corp was founded in 2024 as a Bitcoin-focused mining and infrastructure company aiming to increase domestic hashrate and secure U.S.-based ownership of key crypto resources. The company operates as a subsidiary of publicly listed Hut 8 Corp, one of North America’s largest digital asset miners.

With its operational headquarters reportedly based in Texas, American Bitcoin Corp plans to acquire thousands of ASIC mining machines, expand existing mining farms, and invest in renewable energy sources for mining. The firm also aims to explore sovereign Bitcoin storage infrastructure in collaboration with federal and state-level partners.

Eric Trump’s Involvement

Eric Trump, son of President Donald Trump, has been publicly tied to American Bitcoin Corp since its formation, with multiple sources identifying him as a strategic backer and informal advisor. While he holds no official executive title, Eric is believed to play a guiding role in the firm’s public positioning and investor outreach, and has served as its de facto political liaison within pro-crypto policy circles.

The Trump family has increasingly embraced the digital asset space. Eric Trump, in particular, has become a vocal advocate for Bitcoin and blockchain innovation, often echoing his father’s calls for the United States to become the global leader in crypto mining and regulation.

At several events in 2024 and 2025 including the Bitcoin 2025 conference in Las Vegas, Eric Trump stated that “Bitcoin is freedom” and argued that expanding the U.S. crypto mining base was “critical for national security.” He also praised domestic miners as the “new energy entrepreneurs of America.”

Venture	Role & Start Date	Key Activities & Status	Notes & Controversies
World Liberty Financial	Co-founder & “Web3 Ambassador”; Sept 2024	– Issued governance token WLFI (late 2024) – Launched stablecoin USD1 in Mar 2025 – Abu Dhabi fund invested $100 M; audit of stablecoin planned	Trump family owns 60%, takes 75% of token revenue; ethics concerns over conflicts of interest
American Bitcoin	Co-founder & Chief Strategy Officer; Mar 2025	– Focus on mining BTC “below market cost” – Accumulated ~215 BTC by April (~$23 M) – Merging with Gryphon Digital Mining to go public (Nasdaq) in Q3 2025	Aims to build largest, most investable BTC miner; energy use and governance under scrutiny
$TRUMP Meme Token & Wallet	Indirect involvement; token launched Jan 2025	– $TRUMP token generated ~$350M+ in fees – Touted Tron founder Justin Sun; denied direct role in Tron IPO – Legal threats over unofficial wallet project in June	Official distance from project unclear; pump-and-dump concerns and internal legal conflict

Shift in Crypto Attitudes

Eric Trump’s position reflects a broader pro-crypto pivot by the Trump family and administration over the past two years. Once skeptical of digital assets, the family has since become one of the most prominent political forces backing Bitcoin adoption in the United States.

In 2023 and early 2024, Eric reportedly helped initiate conversations between American Bitcoin Corp and multiple state governments to explore favorable mining tax regimes and renewable energy partnerships. The company’s emergence also coincides with the Trump administration’s push to expand crypto infrastructure within U.S. borders, reducing dependency on foreign-controlled mining operations.

Broader Implications

The $220 million raise signals growing investor confidence in the intersection of crypto, energy, and political influence. With a Trump family member tied to the effort—and Donald Trump himself running a pro-Bitcoin presidency—American Bitcoin Corp could emerge as a politically connected player in the next phase of U.S.-based Bitcoin mining.

Analysts say the firm is likely to benefit from any regulatory clarity around mining and digital asset custody that may come from the White House’s upcoming legislative push. American Bitcoin’s strategic alignment with federal policy goals could also give it a head start in building out national-scale mining infrastructure.

The funding round comes at a time when competition among North American miners is intensifying, especially as Bitcoin’s price remains volatile and block rewards decline following the most recent halving event. American Bitcoin Corp’s ability to scale efficiently and tap into the Trump-aligned crypto narrative,could define its success in the next market cycle.