American Bitcoin’s new series of preferred shares have so far raised $220 million in initial funding through a private share issuance. The company has deep ties to the Trump family. It intends to leverage the majority of the capital to purchase Bitcoin and fund the acquisition of mining equipment. This impressive financial support further emphasizes increasing investor faith in not only Bitcoin, but the cryptocurrency marketplace as a whole.

During the funding round, investors divested around $10 million worth of shares through purchases in Bitcoin rather than USD. This move is a more tangible sign of deep faith in the cryptocurrency. Among the most prominent supporters is Eric Trump. The Trump family’s support could sway the administration toward pro-crypto regulatory policies and help change the prevailing narrative on crypto in the US.

American Bitcoin’s mission is to leverage the unprecedented demand for Bitcoin. Part of the company’s ambition includes becoming the world’s first “sustainable global logistics platform.” The company is undergoing a strategic transformation to make its mining business more productive. That $220 million capital infusion will allow them to quickly ramp up their operations and bolster their Bitcoin reserves.

This new $125 million funding round highlights just how much excitement and money is pouring into the cryptocurrency space, and specifically Bitcoin mining. Investor confidence in the future of Bitcoin seems strong, judging by the record capital raised by American Bitcoin. The company executed on its promise by raising the doggone largest venture investment ever. This milestone is further evidence of the increasing mainstream recognition of Bitcoin as a legitimate asset class.