What is American Bitcoin, the Trump family-backed crypto mining firm going public? | Technology News
A bitcoin mining venture with ties to US President Donald Trump’s family announced on Monday, May 12, that it is all set to become a publicly traded company.
American Bitcoin, a cryptocurrency firm backed by President Trump’s sons Eric Trump and Donald Trump Jr, is expected to be listed on the Nasdaq after its all-stock merger with Gryphon Digital Mining that is set to close by the third quarter of 2025, according to an investor presentation posted on its website.
The merged entity will trade under the symbol ‘ABTC’. The US president’s two eldest sons will own about 98 per cent of the new entity along with existing shareholders of American Bitcoin. The other 2 per cent will belong to existing shareholders of Gryphon. Eric Trump…
