Funding
American Bitcoin Corp. Files for $2.1 Billion Equity Offering
American Bitcoin Corp., a Bitcoin mining company backed by the Trump family, has filed for an at-the-market equity offering of up to $2.1 billion. The company, which is majority-owned by Hut 8 and supported by Eric Trump and Donald Trump Jr., plans to use the funds for Bitcoin purchases, expanded mining operations, and new hardware. The company, which merged with Gryphon Digital Mining in May 2025, reported holding over 5,000 Bitcoin by early 2026, up from a few hundred before the merger. The stock initially saw significant gains but then fell more than 75% from its peak.