US President Donald Trump’s sons Eric Trump And Donald Trump Jr. American Bitcoin supported by $106,629.81 The crypto currency mining company collected funds worth $ 220 million. The company plans to use this resource to buy Bitcoin and mining equipment. According to the majority shareholders, the fund was obtained last week by selling more than 11 million new shares to private investors on Friday. Approximately 10 million dollars of this sale, instead of the dollar BTC, with BTC, coin per coin was made at $ 104 thousand.
The great fund collected by American Bitcoin
Fund Collection Process Company’s majority shareholder Hut 8based on an official statement announced. The statement said, “The company aims to use net revenues to finance strategic and Bitcoin accumulation goals. These goals include the acquisition of Bitcoin and/or miners, not limited to these goals”. After the deductions were issued, the company’s hands passed by about $ 215 million.
American BitcoinAt the end of March, he started his activities as a result of the partnership of the American Data Centers company and HUT 8, where Trump’s two eldest sons also invested. This move Donald TrumpIn line with the goal of making the US a global leader in the field of blockchain and crypto currency, the Trump family crypto currency and further strengthened his connection with the relevant enterprises.
Public offering plans and future expectations
The company is in the second half of this year Gryphon Digital Mining and a Spac (special purpose purchasing company) aims to be a public offering through the combination of ABTC on the Nasdaq stock exchange. This plan constitutes an important part of the strategy of expanding the company’s corporate structure and attracting more investment from the market.
The $ 220 million funded company collected Crypto Money Mining OperationsIt significantly increases its capacity to grow rapidly. A significant portion of the source is expected to be invested in new mining devices. This is mining on the company’s network and new BTC will increase the power to produce. The part that will be allocated to Bitcoin purchase will expand the company’s direct asset portfolio.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
