This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
American Bitcoin, a mining venture partly owned by Donald Trump Jr. and Eric Trump, is set to go public on Nasdaq next month. The firm is finalizing a merger with Gryphon Digital Mining to facilitate the listing. This move deepens the Trump family’s involvement in the cryptocurrency sector amid growing political and investor interest.
- The Trump brothers own 20% of American Bitcoin through their stake in the venture, linking it directly to one of America's most prominent political families.
- Hut 8 CEO Asher Genoot suggested exploring international investment avenues to provide regulated Bitcoin exposure in regions with restrictive crypto policies.
- The company raised $230 million in combined cash and Bitcoin this year to scale mining capacity and build strategic Bitcoin reserves ahead of the public listing.
📎 Related coverage from: cryptoslate.com