<ul data-eligibleForWebStory="true"><li>Hut 8 Corp.'s subsidiary, American Bitcoin Corp., raised $220 million in a private stock sale to buy more Bitcoin.</li><li>The sale included over 11 million shares of Class A common stock, with $10 million worth of shares purchased using Bitcoin.</li><li>The funding will be used to increase the company's Bitcoin reserves and acquire additional mining equipment.</li><li>American Bitcoin Corp. plans to go public through a reverse merger with Gryphon Digital Mining and commence trading on Nasdaq under the ticker ABTC.</li></ul>

Eric Trump’s American Bitcoin Raises $220 Million in Private Stock Sale To Buy More BTC

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