Do you remember when Trump threw out the phrase 'Bitcoin Made in America' during his campaign? Now, backed by Trump, the American Bitcoin plan is set to go public. (Background: This man wants to send Bitcoin mining machines into space: infinite sunlight + zero cooling costs is the holy land for BTC mining.) (Additional context: Your computer is helping hackers mine Bitcoin! 3,500 websites have been implanted with 'mining scripts', invisibly hijacking users without their knowledge.) Reuters cited sources that American Bitcoin will begin trading on NASDAQ under the ticker 'ABTC' as early as September through a full stock merger with Gryphon Digital Mining. The company is supported by President Trump’s two sons, Donald Trump Jr. and Eric Trump; after the merger, the two will together hold about 98% of the new company’s shares along with the largest investor, Hut 8. Hut 8’s CEO Genoot stated that the choice to raise funds through an already listed platform rather than a direct IPO was primarily due to the focus on financing efficiency and flexible conditions. Related reports include Nakiki SE planning to raise €10 million to buy Bitcoin, aiming to become Germany's first pure BTC reserve listed company. Swiss crypto bank Sygnum partners with Ledn: completes a $50 million Bitcoin collateral loan with interest rates of 8-12% to attract institutions. 'Backed by Trump, American Bitcoin aims to list on NASDAQ in September, code ABTC' this article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).

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