{"id":2194,"date":"2026-08-04T23:10:57","date_gmt":"2026-08-04T23:10:57","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=2194"},"modified":"2026-08-04T23:10:57","modified_gmt":"2026-08-04T23:10:57","slug":"trump-linked-bitcoin-venture-reached-2-5-million-settlement-over-improperly-obtained-loan-allegation","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=2194","title":{"rendered":"Trump-Linked Bitcoin Venture Reached $2.5 Million Settlement Over Improperly Obtained Loan Allegation"},"content":{"rendered":"<div>\n<h2>Tangent<\/h2>\n<p>American Bitcoin shares closed up nearly 5% at $6.14 on Tuesday, continuing a series of gains after reporting earnings, which logged record bitcoin production and mentioned the settlement in the commitments and contingencies footnote.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=2190\">Americans\u2019 Affordability Concerns Hit McDonald\u2019s\u2014As Chain\u2019s Sales Slow Down<\/a><\/p>\n<h2>Key Background<\/h2>\n<p>American Bitcoin launched last year and was co-founded by Eric Trump and Donald Trump Jr. The company was formed through a transaction in which digital compute platform Hut 8 offered its cryptocurrency mining fleet to a new entity that merged with Gryphon last September, inheriting Gryphon&#8217;s legal liabilities and the PPP dispute. American Bitcoin designated the matter as an unresolved contingency through its first quarter filing this year, just disclosing it was cooperating with the Justice Department. The $2.5 million settlement exceeds the original $2.2 million loan, suggesting additional costs were added to the resolution in addition to repayment.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=2188\">Bernie Moreno Accuses Max Miller Of Holding Granddaughter\u2019s Bunny \u2018Hostage\u2019<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The settlement was noted in the company\u2019s 10-Q filing, excluded from its earnings narrative.<\/p>\n","protected":false},"author":1,"featured_media":2193,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump-Linked Bitcoin Venture Reached $2.5 Million Settlement Over Improperly Obtained Loan Allegation - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=2194\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump-Linked Bitcoin Venture Reached $2.5 Million Settlement Over Improperly Obtained Loan Allegation - Coast to Coast Movers\" \/>\n<meta property=\"og:description\" content=\"The settlement was noted in the company\u2019s 10-Q filing, excluded from its earnings narrative.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coasttocoastmoverss.com\/?p=2194\" \/>\n<meta property=\"og:site_name\" content=\"Coast to Coast Movers\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-04T23:10:57+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=2194#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=2194\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\"},\"headline\":\"Trump-Linked Bitcoin Venture Reached $2.5 Million Settlement Over Improperly Obtained Loan Allegation\",\"datePublished\":\"2026-08-04T23:10:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=2194\"},\"wordCount\":170,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=2194#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/c30b6458dba033296f5085735256b92c.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=2194#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=2194\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=2194\",\"name\":\"Trump-Linked Bitcoin Venture Reached $2.5 Million Settlement Over Improperly Obtained Loan Allegation - 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