American Bitcoin, the US cryptocurrency miner backed by Eric and Donald Trump Jr, will list its new venture on Nasdaq, aiming to tap into investors’ enthusiasm for equity vehicles that stockpile cryptocurrencies.
The company, formed at the end of March, announced an all-share merger with Gryphon Digital Mining to turn it into “the most investable Bitcoin accumulation platform in the market”.
In a separate move on Monday, BTC Inc, the company behind Bitcoin Magazine, said it had struck a deal to merge its blank cheque investment vehicle Nakamoto Holdings with Nasdaq-listed opioid healthcare KindlyMD, to raise $710mn…