Quick Takeaways:
American Bitcoin recently pulled in $220 million, part of which-a nice $10 million-came in actual Bitcoin.
• The company plans to go public via Nasdaq through a merger
• Hut 8 is taking its show to Dubai as it pushes a bolder, worldwide Bitcoin plan.
A Bold Move in the Bitcoin World
There really is never a dull moment in crypto, and this week proves the rule all over again. A Trump-affiliated company called American Bitcoin just made a massive move—raising $220 million to fuel its mining operations and add more Bitcoin to its reserves.
But here’s where it gets really interesting: $10 million of that investment wasn’t in cash—it was in Bitcoin itself. That’s a rare move and one that shows just how bullish the company is on crypto’s future.
Why Accepting Bitcoin Speaks Volumes
There really is never a dull moment in crypto, and this week proves the rule all over again. A Trump-affiliated company called American Bitcoin just made a massive move—raising $220 million to fuel its mining operations and add more Bitcoin to its reserves.
But here’s where it gets really interesting: $10 million of that investment wasn’t in cash—it was in Bitcoin itself. That’s a rare move and one that shows just how bullish the company is on crypto’s future.
Why Accepting Bitcoin Speaks Volumes
By accepting Bitcoin instead of cash, American Bitcoin is doing more than raising money—it’s making a statement. According to filings, the company valued the Bitcoin they received at around $104,000 per coin, which is well above the current market price.
So not only are they taking Bitcoin, they’re valuing it more than the market does. That’s not something you see every day.
As of mid-June, the company already held 215 Bitcoin in its treasury. With this new funding, that number is expected to grow significantly.
Yes, the Trump Name Is Involved
You might be wondering—is it that Trump family? Yes, it is.
Donald Trump Jr. and Eric Trump co-founded American Bitcoin, giving the company a political twist and a lot of public attention. Whether you love the name or not, it’s adding fuel to the fire.
American Bitcoin Is Going Public
Next on the companys agenda is a leap into public markets. But rather than doing a traditional IPO, American Bitcoin plans to merge with Gryphon Digital, a crypto firm that’s already listed on Nasdaq.
When the merger wraps, the new entity will keep the American Bitcoin banner flying. Eric Trump is set to join the board, while existing American Bitcoin shareholders will keep a whopping 98% of the new company.
Meanwhile, Hut 8, which owns a majority stake, will continue handling day-to-day operations.
So even though it’s technically a merger, American Bitcoin will still call the shots.
While American Bitcoin focuses on the U.S., Hut 8 is thinking globally. They’ve just opened a brand-new office in Dubai, a rising hub for crypto and digital finance.This office, called Hut 8 Investment Ltd, will focus on crypto trading and asset management—not mining. According to CEO Asher Genoot, it’s all about managing their Bitcoin strategy with more efficiency and precision.Just to clarify, this office in Dubai is distinct from American Bitcoin. But it’s another sign that the company is going all-in on crypto and expanding smartly.
So, Why Dubai?
Dubai has become one of the most crypto-friendly places on Earth. With low taxes and supportive regulations, it’s an attractive base for crypto companies looking to grow fast.
However, it’s not lawless—there are still clear rules companies need to follow. That said, the combination of freedom and structure is exactly why companies like Hut 8 are making moves there.
What This All Means for Bitcoin
This isn’t just a tech experiment anymore. When companies raise hundreds of millions, accept Bitcoin directly, plan stock market mergers, and expand to international finance hubs—it’s clear that Bitcoin is no longer niche.
When figures like Eric Trump start talking about Bitcoin, the ripple effect grows louder. It doesn’t matter if you own a wallet packed with altcoins or if you still haven’t bought your first fraction; you should at least notice what’s happening. BTC keeps carving out a spot in the world’s money network, and the pace is picking up.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
