Eric Trump Launches American Bitcoin, Raises $220 Million

confirmed Importance 8/10 ~1 min read 3 sources 3 actors

Eric Trump founded American Bitcoin, a cryptocurrency venture backed by Hut 8, raising $220 million and planning to build a substantial US bitcoin reserve. The company went public via a Nasdaq merger, with the Trump sons owning a majority stake.

Sources & Citations

[1] Trump family crypto venture American Bitcoin makes Nasdaq debut · Aug 29, 2025 Tier 2

[2] Eric Trump's American Bitcoin going public in latest crypto move · May 12, 2025 Tier 1

[3] Trump-backed crypto firm American Bitcoin notches $5 billion valuation in Nasdaq debut · Sep 3, 2025 Tier 2

Tiers Tier 1 court records & gov docs · Tier 2 established outlets · Tier 3 regional & specialty press · Tier 4 opinion or single-source. Methodology →

Cite this entry

The Cascade Ledger. “Eric Trump Launches American Bitcoin, Raises $220 Million.” The Capture Cascade Timeline, July 31, 2025. https://capturecascade.org/event/2025-07-31--the-inside-story-of-eric-trump-s-american-bitcoin/