🇺🇸💰 Trump Family-Backed American Bitcoin to Go Public via Merger With Gryphon Digital 💰🇺🇸
📢 A Bitcoin mining company supported by Eric Trump and Donald Trump Jr., sons of former U.S. President Donald Trump, is set to go public through a strategic merger. 🏦
📝 Merger & Public Listing:
American Bitcoin will be listed on the Nasdaq through an all-stock merger with Gryphon Digital Mining. 🧾
After the merger, 98% of the new company will be owned by existing shareholders, including Eric Trump, Donald Trump Jr., and crypto mining firm Hut 8. 📊
👨💼 Leadership & Vision:
Eric Trump will serve as Chief Strategy Officer of the merged company. 🧠
He stated, "Our goal is to build a scalable and investable bitcoin accumulation platform, recognizing bitcoin as one of the most important asset classes of our time." 💼
📈 Market Reaction:
Following the announcement, Gryphon Digital Mining’s stock surged by 350% to $2.19. 📈
Hut 8’s shares also rose by 11%, reaching $15.45. 💹
🌐 Trump Family's Role in Crypto:
Previously, the Trump family launched a meme coin and a crypto company named "World Liberty Financial". 🪙
President Trump has promised to make the U.S. a crypto-friendly nation, though critics have raised concerns about potential conflicts of interest. ⚖️
📅 Timeline:
The merger is expected to be completed by Q3 of 2025. 🗓️
🔗 In Conclusion:
This move represents a bold step by the Trump family into the crypto world. 🚀
Their involvement aims to boost investor confidence in bitcoin and the broader digital asset market. 💡
📌 Sources:
Reuters
Financial Times
Investopedia
📢 Share your thoughts in the comments below! 🗣️
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