On September 3, according to the WSJ, American Bitcoin, a Bitcoin mining and reserve company backed by President Trump's two eldest sons, will go public this Wednesday. American Bitcoin will be officially listed on the Nasdaq Stock Exchange after completing its merger with Gryphon Digital Mining.Donald Trump Jr., the eldest son of Trump, and Eric Trump, the second son, along with mining company $Hut 8, will jointly own 98% of the shares of the merged new entity. The new entity will retain the name American Bitcoin and trade under the stock code ABTC.American Bitcoin has also recently been looking for acquisition targets in Asia to build a Bitcoin asset reserve, and has begun contacting investors regarding potential acquisitions. It is currently planning to acquire a listed company in Japan and may simultaneously enter the Hong Kong market. Sources said that the company intends to emulate the MicroStrategy model by building a cryptocurrency reserve platform through the acquisition of listed companies. [BlockBeats]
On September 3, according to the WSJ, American Bitcoin, a Bitcoin mining and reserve company backed by President Trump's two eldest sons, will go public this Wednesday. American Bitcoin will be officially listed on the Nasdaq Stock Exchange after completing its merger with Gryphon Digital Mining.Donald Trump Jr., the eldest son of Trump, and Eric Trump, the second son, along with mining company Hut 8, will jointly own 98% of the shares of the merged new entity. The new entity will retain the name American Bitcoin and trade under the stock code ABTC.American Bitcoin has also recently been looking for acquisition targets in Asia to build a Bitcoin asset reserve, and has begun contacting investors regarding potential acquisitions. It is currently planning to acquire a listed company in Japan and may simultaneously enter the Hong Kong market. Sources said that the company intends to emulate the MicroStrategy model by building a cryptocurrency reserve platform through the acquisition of listed companies. [BlockBeats]
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