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Trump-Backed American Bitcoin Rakes in $220M for BTC Buying Spree—Wall Street Left Scratching Heads

Trump-Backed American Bitcoin Rakes in $220M for BTC Buying Spree—Wall Street Left Scratching Heads

Author:
Coindesk
Published:
2025-07-01 09:27:40
16
3

American Bitcoin, Backed by Eric and Donald Trump Jr, Pulls In $220M to Accumulate BTC

Bitcoin just got a red, white, and blue boost—courtesy of political heavyweights and a nine-figure war chest.

The Trump Connection: Eric and Don Jr. Throw Weight Behind BTC Accumulation

American Bitcoin—the venture now politically turbocharged—locked down $220 million in fresh capital. The goal? Aggressively stack satoshis while traditional finance pundits mutter about 'volatility' between martini lunches.

Why This Move Stings Legacy Finance

While hedge funds debate 'store of value' theories, this playbook is simpler: Buy the damn dip. With institutional FOMO now bipartisan, the only thing louder than blockchain maximalists? The sound of Wall Street's outdated risk models crumbling.

One cynical footnote: At least this $220M won't get spent on political ads—it's going straight into the only ledger that doesn't tolerate creative accounting.

|Square

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