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Trump family's American Bitcoin to go public today — all you need to know
American Bitcoin, a venture backed by Eric Trump and Donald Trump Jr., is going public through an all-stock merger with Gryphon Digital Mining.
Donald Trump has been dubbed as the “cryptocurrency friendly” US President, and now his family-backed Bitcoin mining company is set to go public on a New York Stock exchange via merger route, today.
US President Donald Trump speaks during an event in the Roosevelt Room at the White House on May 12, 2025. American Bitcoin, a venture backed by Eric Trump and Donald Trump Jr., is going public through an all-stock merger with Gryphon Digital Mining today.
US President Donald Trump speaks during an event in the Roosevelt Room at the White House on May 12, 2025. American Bitcoin, a venture backed by Eric Trump and Donald Trump Jr., is going public through an all-stock merger with Gryphon Digital Mining today.
Donald Trump has been dubbed as the “cryptocurrency friendly” US President, and now his family-backed Bitcoin mining company is set to go public on a New York Stock exchange via merger route, today.
American Bitcoin Corporation, majority owned by Hut 8 Corp., and partly owned by Donald Trump's sons Eric Trump and Donald Trump Jr., is set to merge with Gryphon Digital Mining in an all-stock aquisition, Bloomberg reported.
Notably, other ventures in the space by Donald Trump and family include World Liberty Financial and official meme coins TRUMP and MELANIA.
Trump Family's Bitcoin Mining Company — All we know
American Bitcoin will go public as part of a merger agreement with Gryphon Digital Mining. Shares of Gryphon jumped by 280 per cent to $2.04 in premarket trading after the news, while Hut 8 shares added more than 11 per cent to reach $15.45.
The newly combined company will operate as “American Bitcoin” and will likely trade on Nasdaq under the ticker symbol ABTC, according to a statement from Hut 8, Bloomberg said.
The deal is expected to be completed in the third quarter this year, by October, according to reports by Bloomberg and AFP.
The company was launched in March with exclusive focus on Bitcoin mining and strategic Bitcoin reserve development.
Existing shareholders, including Donald Trump's sons will hold around 98 per cent of the combined entity. Eric Trump is the company's chief strategic officer, and will remain so after the merger, as per a Reuters report.
#Holi_Box
#DonaldTrump
$BTC
$TRUMP
Donald Trump has been dubbed as the “cryptocurrency friendly” US President, and now his family-backed Bitcoin mining company is set to go public on a New York Stock exchange via merger route, today.
US President Donald Trump speaks during an event in the Roosevelt Room at the White House on May 12, 2025. American Bitcoin, a venture backed by Eric Trump and Donald Trump Jr., is going public through an all-stock merger with Gryphon Digital Mining today.
US President Donald Trump speaks during an event in the Roosevelt Room at the White House on May 12, 2025. American Bitcoin, a venture backed by Eric Trump and Donald Trump Jr., is going public through an all-stock merger with Gryphon Digital Mining today.
Donald Trump has been dubbed as the “cryptocurrency friendly” US President, and now his family-backed Bitcoin mining company is set to go public on a New York Stock exchange via merger route, today.
American Bitcoin Corporation, majority owned by Hut 8 Corp., and partly owned by Donald Trump's sons Eric Trump and Donald Trump Jr., is set to merge with Gryphon Digital Mining in an all-stock aquisition, Bloomberg reported.
Notably, other ventures in the space by Donald Trump and family include World Liberty Financial and official meme coins TRUMP and MELANIA.
Trump Family's Bitcoin Mining Company — All we know
American Bitcoin will go public as part of a merger agreement with Gryphon Digital Mining. Shares of Gryphon jumped by 280 per cent to $2.04 in premarket trading after the news, while Hut 8 shares added more than 11 per cent to reach $15.45.
The newly combined company will operate as “American Bitcoin” and will likely trade on Nasdaq under the ticker symbol ABTC, according to a statement from Hut 8, Bloomberg said.
The deal is expected to be completed in the third quarter this year, by October, according to reports by Bloomberg and AFP.
The company was launched in March with exclusive focus on Bitcoin mining and strategic Bitcoin reserve development.
Existing shareholders, including Donald Trump's sons will hold around 98 per cent of the combined entity. Eric Trump is the company's chief strategic officer, and will remain so after the merger, as per a Reuters report.
#Holi_Box
#DonaldTrump
$BTC
$TRUMP
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