The Trump family has invested in the cryptocurrency market with a focus on Bitcoin, raising $220 million for American Bitcoin, a mining and holding company.
The funds raised will be used to increase Bitcoin holdings and expand mining operations, with plans including a public listing through a reverse merger with Gryphon Digital Mining.
Beyond American Bitcoin, the Trump family's involvement in cryptocurrency extends to creating a BTC treasury, launching their own BTC ETF, and introducing a memecoin called TRUMP.
Additionally, associated projects like World Liberty Financial are gaining attention in the DeFi space, with TRUMP trading at $8.57 after experiencing a significant price drop.