PANews August 8 news, according to Bloomberg, cryptocurrency exchange Gemini founders Winklevoss brothers recently invested in the Bitcoin mining company American Bitcoin Corp, co-founded by Donald Trump Jr. and Eric Trump. The investment was made in Bitcoin, and the specific amount has not been disclosed. This company, spun off from the listed mining company Hut 8, is currently seeking to go public through a merger with Nasdaq-listed Gryphon Digital Mining, with the deal expected to be completed in early September.
American Bitcoin Corp raised approximately $220 million in this private placement (including cash and Bitcoin). According to previous reports, after the company goes public, the shares held by Eric Trump could be valued at $367 million. The Winklevoss brothers have a close relationship with the Trump family, having frequently donated to Trump's campaigns and attended related events at the White House. The Gemini exchange founded by the Winklevoss brothers is also preparing for its own IPO.
