The Trumps Are Leaning Further Into Crypto. Two New Listings Show Just How Far.
The Trump family keeps leaning into crypto.
This week has already offered two fresh examples: A bitcoin mining company linked to Eric Trump and Donald Trump Jr., American Bitcoin, on Wednesday listed on the Nasdaq exchange using the ticker “ABTC,” not long after their venture World Liberty Financial went live with billions of the associated token, WLFI, unlocking and now trading on secondary markets.
American Bitcoin, majority owned by Hut 8 (HUT), merged with Gryphon Digital Mining, which previously traded under “GRYP,” rebranding with a new ticker. The firm wants to be “the wold’s largest, most efficient pure-play Bitcoin miner.” Shares traded at roughly $10 as of Wednesday afternoon, putting the company’s market value at…
