Reported about 12 hours ago
American Bitcoin, a Bitcoin mining venture backed by Eric Trump and Donald Trump Jr., plans to go public through an all-stock merger with Gryphon Digital Mining on the Nasdaq. Existing shareholders, including the Trump brothers and Hut 8, will hold 98% of the new entity. This move is part of the Trump family's growing involvement in the crypto market, amidst President Trump's push for U.S. leadership in the industry. The merger is expected to finalize in the third quarter of 2025, with Eric Trump remaining as chief strategy officer.
Source: YAHOO