Tiny Red HandsBack

American Bitcoin netted $215.3 million after $4.8 million in costs

Date
2025-06-27
Entry type
crypto-company-financing
Current status
Private placement completed

The filing separates capital available to the company from the share-issuance costs.

Entities and roles

Relationships in this file

  1. Hut 8 Corp.majority owner and operating partnerAmerican Bitcoin Corp.
  2. Donald J. Trumpson and co-founder of Trump-linked American BitcoinEric Trump
  3. Donald J. Trumpson and investor in Trump-linked American BitcoinDonald Trump Jr.

Money trail

  1. otherPrivate-placement transaction costs$4,800,000
    Provided by
    American Bitcoin Corp.
    Accepted by / recipient
    Placement and transaction counterparties
    realized · 2025-06-27 · observedPopulation American Bitcoin June 2025 share-issuance costsPeriod 2025-06-01 to 2025-06-27Basis Subtract filed net proceeds from filed gross proceeds, matching the expense stated in the annual report.Limits Transaction cost paid by the issuer, not investor loss or family income; do not add it to net proceeds as capital received.Open cited evidence
  2. investmentPrivate-placement net proceeds$215,300,000
    Investor / source
    Private-placement investors
    Investment recipient
    American Bitcoin Corp.
    realized · 2025-06-27 · observedPopulation American Bitcoin June 2025 share issuance after transaction costsPeriod 2025-06-01 to 2025-06-27Basis Direct observation: net proceeds in Hut 8's annual report.Limits Net proceeds exclude the separately reported transaction costs and are not revenue or family income.Open cited evidence

Claims and evidence

  1. factdocumented

    Hut 8's annual report says American Bitcoin's June 2025 share issuance produced $215.3 million in net proceeds after $4.8 million in transaction costs; Axios had identified Eric Trump and Donald Trump Jr. as principals in the mining venture at launch.