American Bitcoin, a cryptocurrency initiative backed by former President Donald Trump, is raising $300 million to purchase a large amount of mining equipment amid increasing competition in the sector. This move reflects Trump's intensified focus on Bitcoin investments. Concurrently, Cardone Capital, a firm managing $5 billion in assets, announced plans to acquire $100 million worth of Bitcoin, indicating growing institutional interest. Furthermore, Trump has revealed intentions to raise up to $12 billion potentially to buy additional Bitcoin, signaling a substantial escalation in his cryptocurrency involvement.