Trump family affiliated companies raise $220 million to lay out cryptocurrency mining, with some equity paid in Bitcoin

A document on Monday showed that a cryptocurrency company associated with the Trump family raised $220 million to purchase Bitcoin and digital asset mining equipment. American Bitcoin is a company composed of supporters such as Eric Trump, son of Trump, and issued new shares to private investors on Friday. According to documents submitted by Hut 8 Corp, the major shareholder of American Bitcoin, a portion of the equity (valued at approximately $10 million) is being sold in Bitcoin rather than US dollars. (Sina Finance)