According to @WhiteHouse, the Trump family-backed mining firm American Bitcoin Corp has successfully raised $220 million from accredited investors, exceeding its $200 million goal as per an SEC filing. This fresh capital, which includes approximately $10 million in Bitcoin (BTC), is designated for accumulating more BTC for the company's treasury and upgrading its mining fleet, signaling bullish institutional demand for Bitcoin. The firm, which is 80% owned by Hut 8 (HUT), is also planning a public listing through a merger with Gryphon Digital Mining (GRYP). In parallel, Donald Trump reiterated his pro-crypto stance at a Coinbase (COIN) summit, promising his administration would work to create "clear and simple market frameworks" for the digital asset industry. This potential for favorable regulation could serve as a significant catalyst for the crypto market. Current data shows BTCUSDT trading at $105,492.69, down 1.73% over 24 hours.