According to BlockBeats, American Bitcoin, a company supported by U.S. President Donald Trump's sons, is scheduled to go public on Wednesday following its merger with Gryphon Digital Mining. The company will be listed on the Nasdaq Stock Exchange under the ticker symbol ABTC.
Donald Trump Jr., Eric Trump, and mining company Hut 8 will collectively own 98% of the shares in the newly formed entity, which will retain the name American Bitcoin.
American Bitcoin is actively seeking acquisition targets in Asia to build its Bitcoin asset reserves. The company is currently in discussions with investors regarding potential acquisitions and is planning to acquire a publicly listed company in Japan, with possible expansion into the Hong Kong market. Sources indicate that the company aims to emulate MicroStrategy's approach by establishing a cryptocurrency reserve platform through the acquisition of publicly listed companies.
