The Winklevoss twins have backed a new U.S.-based Bitcoin mining firm, American Bitcoin, led by Eric and Donald Trump Jr., with a $2 million investment at the 2025 Bitcoin Conference.
American Bitcoin’s entry could reshape the U.S. crypto mining landscape, potentially affecting Bitcoin’s market dynamics and concentration amid its pursuit of a Nasdaq listing through a merger with Gryphon Digital Mining.
American Bitcoin, a new U.S.-based Bitcoin mining firm, receives support from the Winklevoss twins, each donating $1 million. The firm plans a Nasdaq listing through a merger with Gryphon Digital Mining.
Key figures such as Eric Trump and Donald Trump Jr. are involved in American Bitcoin. They aim to leverage the Trump brand and have already raised $220 million for mining expansion. As Eric Trump, Co-founder, and Chief Strategy Officer of American Bitcoin, noted, he “was instrumental in launching the company and merging with Gryphon for a Nasdaq listing.”
American Bitcoin Raises $220 Million Amid Market Changes
The $220 million funding could shift Bitcoin mining dynamics. American Bitcoin’s U.S.-focused mining efforts could impact BTC supply chains.
Industry observers are assessing potential financial impacts on BTC from American Bitcoin’s growth. Regulators and investors will monitor the Nasdaq listing closely, given the involvement of high-profile figures.
Trump Involvement Creates Unique Market Dynamics for BTC
Similar entries by major players, like Marathon and Riot, have historically increased North American market share. The Trump name adds an unusual twist, drawing attention from both investors and skeptics.
Experts from Kanalcoin suggest that this venture’s success could influence future celebrity-backed projects. The lack of direct involvement from other cryptos implies a narrow focus on BTC.
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