The Trump family’s deepening involvement in cryptocurrency is taking on global dimensions as their associated ventures raise hundreds of millions and establish international operations.
What started as domestic Bitcoin mining is now evolving into a sophisticated crypto empire spanning from Miami to Dubai, with the family positioned to profit handsomely from the administration’s crypto-friendly policies.
American Bitcoin Capital
American Bitcoin, the cryptocurrency venture backed by Eric Trump and Donald Trump Jr., has successfully raised $220 million in fresh capital to expand its Bitcoin mining operations and digital asset accumulation strategy. The funding round, completed through private share offerings, demonstrates the significant investor appetite for Trump-associated crypto projects.
The deal structure reveals the venture’s commitment to the digital asset ecosystem, with approximately $10 million of the equity purchase executed directly in Bitcoin rather than traditional dollars. This Bitcoin-for-equity swap signals confidence in cryptocurrency’s long-term value and aligns the company’s fundraising strategy with its core business model.
American Bitcoin emerged from Hut 8 Corp’s strategic restructuring, where the Miami-based mining company transferred most of its specialized mining hardware to the new venture in exchange for an 80% ownership stake. The arrangement positions Hut 8 as the majority owner while giving the Trump brothers significant influence over operations and strategic direction.
The company’s ambitious growth plans include taking American Bitcoin public later in 2025 through a merger with Gryphon Digital Mining Inc. This move would provide additional capital access and liquidity while maintaining the Trump family’s involvement through board positions and equity stakes.
Middle East Crypto Hub
While American Bitcoin focuses on mining operations, Hut 8 is simultaneously executing a separate but complementary international expansion strategy. The company officially registered its Dubai office through the Dubai International Financial Centre, marking its entry into one of the world’s most crypto-friendly jurisdictions.
CEO Asher Genoot emphasized that the Dubai operation will “enhance the precision and efficiency of Hut 8’s capital strategy,” focusing specifically on trading and Bitcoin accumulation rather than mining activities. The expansion leverages Dubai’s attractive business environment, including free economic zones and zero corporate tax rates that provide significant operational advantages.
Dubai’s emergence as a Middle Eastern crypto hub aligns perfectly with the UAE’s broader economic diversification strategy away from fossil fuel dependence. The city-state has actively courted cryptocurrency companies through favorable regulations and tax policies, creating an ecosystem that attracts international crypto businesses seeking operational efficiency and regulatory clarity.
The timing of this expansion coincides with Bitcoin’s dominant performance in 2025, where it has captured 64% of the total cryptocurrency market share—its highest level since early 2021. While altcoins have suffered massive losses exceeding $300 billion, Bitcoin has continued reaching new all-time highs, validating the focus on Bitcoin-centric strategies by companies like Hut 8 and American Bitcoin.
This dual-pronged approach—domestic mining operations through American Bitcoin and international trading operations in Dubai—positions the Trump-associated crypto ventures to capitalize on both the administration’s supportive policies and global cryptocurrency market opportunities.
