The Bitcoin Mining Company in the Trump family gathered $ 220 million with the growth of Crypto in the Business Empire
The Trump family encryption has become increasingly betting Bitcoin. On Monday afternoon, the American company Bitcoin, a mining company and a coil -coded coin by Eric Trump and Donald Trump Junior, Declare It raised $ 220 million. The company plans to use the new capital to gain more of the largest encrypted currency in the world, and to buy more miners, which are computer servers that treat bitcoin transactions in exchange for encryption.
About 10 million dollars from the sale of private shares immediately transferred to Bitcoin. The advertisement did not mention a number or any of the investors who bought the shares of Trump’s sons.
Bitcoin America is a subsidiary of HUT 8, which is publicly circulating. A representative of HUT 8 did not immediately respond to the comment.
In March, Cotton 8 Declare It was giving “all” bitcoin mining equipment to the American bitcoin compared to 80 % of the newly formed company’s shares. Eric and Donald Trump Junior are investors in the American bitcoin, but Hut 8 did not reveal whether President Donald Trump’s son owned 20 %.
In May, the American Bitcoin announced that it is going publicly through a reversal integration with Gryphon Digital Mining. The company plans to trade on Nasdak Under $ ABTC early in the third quarter, according to press release.
The American bitcoin is just one of a large number of Trump Checkle’s works announced last year. It is not the only person who raises hundreds of millions of bitcoin accumulation.
In reference to Michael Celor, whose company’s strategy pumped its stock prices by collecting more than 60 billion dollars in Bitcoin, the media circulated in Trump Declare In May, she planned to raise $ 2.5 billion to create her bitcoin treasury. The Trump group has provided the media and technology to launch its Bitcoin exchange fund, or ETF, which allows investors to be exposed to the largest encrypted currency in the world without having themselves.
The other Trump encryption work is also raised. His forty -seventh president has his own mechanics, which is more than $ 1.7 billion. Then there is the World Liberty Financial project, a sprawling encoding project that includes an app after decentralized financing-a term for banking services such as lending and borrowing on Blockchain.
Moreover, World Liberty Financial Stablecoin, or an encrypted currency linked to stable assets such as the US dollar. The market value is now $ 2.2 billion.
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