American Bitcoin Pulls In $220M for BTC Accumulation Ahead of Listing

Funding Rounds

▤ Summary

American Bitcoin raised $220 million from accredited investors, surpassing its $200 million target. The company accepted about $10 million of the raise in bitcoin at a reported rate of $104,000 per BTC. It plans to use the proceeds to add bitcoin to its treasury and upgrade its mining fleet. The company also remains on track for a public listing through a merger with Gryphon Digital Mining.

$ Funding

$
Amount $220.0M Total raised
□
Date June 24, 2025 Announcement date
◎
Investors - Lead investors
▥
Company - Funded company

▥ Classifications

industries
No industries detected
applications
No applications detected

◇ AskAI Classifications

Labels
No AI classifications detected

▦ Linked Companies