The mining company American Bitcoin, supported by the Trump family, is expected to go public in early September, ticker ABTC

Techub News reports that, according to Reuters, the merger of the mining company American Bitcoin, supported by the Trump family, and Gryphon Digital Mining (GRYP.O) is expected to be completed soon, with a target of going public in early September. Donald Trump Jr. and Eric Trump, along with the mining company Hut 8, will jointly own 98% of the shares in the new entity post-merger, which will retain the name American Bitcoin and trade under the ticker ABTC. Recently, American Bitcoin has also been looking for acquisition targets in Asia to build a Bitcoin asset reserve and has begun discussions with investors regarding potential acquisitions. The company is currently planning to acquire a listed company in Japan and may simultaneously enter the Hong Kong market. According to insiders, the company intends to emulate the MicroStrategy model by acquiring a listed company to establish a cryptocurrency reserve platform.