American Bitcoin netted $215.3 million after $4.8 million in costs
Reporting and findings
- documented
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.
- U.S. Securities and Exchange Commission: Hut 8 Corp. 2025 annual reportAmerican Bitcoin private-placement and merger discussion
- Axios: Trump sons launch bitcoin mining ventureLaunch report identifying Eric Trump and Donald Trump Jr. as principals of American Bitcoin
Summary and current status
The filing separates capital available to the company from the share-issuance costs.
Private placement completed
People and organizations
- Donald J. Trumpfather and sitting president during his sons' private investment activity
- Hut 8 Corp.majority owner and operating partner
- American Bitcoin Corp.private-placement issuer
- Donald Trump Jr.son and American Bitcoin investor
- Eric Trumpson, American Bitcoin co-founder, and beneficial owner
Relationships in this file
- Hut 8 Corp.majority owner and operating partnerAmerican Bitcoin Corp.
- Donald J. Trumpson and co-founder of Trump-linked American BitcoinEric Trump
- Donald J. Trumpson and investor in Trump-linked American BitcoinDonald Trump Jr.
Money trail
otherPrivate-placement transaction costs$4,800,000 - Provided by
- American Bitcoin Corp.
- Accepted by / recipient
- Placement and transaction counterparties
investmentPrivate-placement net proceeds$215,300,000 - Investor / source
- Private-placement investors
- Investment recipient
- American Bitcoin Corp.