📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Trump-Backed American Bitcoin Raises $220 Million to Buy BTC and Mining Gear
American Bitcoin, a crypto venture backed by Eric Trump, has raised $220 million from private investors to purchase bitcoin and mining equipment, with plans to go public via a merger with Gryphon Digital Mining.
Crypto Firm American Bitcoin Goes Big With New Raise Amid Plans for Public Listing
A crypto venture connected to the Trump family has raised $220 million to expand its digital asset mining operations, according to a recent regulatory filing. American Bitcoin, whose backers include Eric Trump, issued new shares to private investors last week, approximately $10 million of which were reportedly sold in exchange for bitcoin.
The company is majority-owned by Hut 8 Corp., one of North America’s largest crypto mining firms, which contributed its mining equipment in return for an 80% stake. American Bitcoin plans to go public through a merger with Gryphon Digital Mining Inc., marking another move to bring bitcoin mining into the traditional public markets.
This effort is part of a broader wave of Trump-affiliated ventures tapping into crypto enthusiasm. Both Eric Trump and Donald Trump Jr. have recently supported blockchain initiatives, as their father signals ambitions to position the U.S. as a global crypto leader.
The capital raised will fund both bitcoin purchases and mining infrastructure, underscoring American Bitcoin’s intent to scale aggressively amid a renewed bull market. While Hut 8 is also pursuing separate expansion into Dubai, its role in American Bitcoin reflects a growing trend of using established traditional systems to drive crypto growth.