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Trump Family-Backed American Bitcoin to Go Public via Merger With Gryphon Digital
American Bitcoin, Hut 8’s majority-owned unit backed by the Trump family, will go public via a merger with Gryphon Digital Mining (GRYP). Shares of Hut 8 Corp. (HUT) jumped 12% in pre-market trading, while Gryphon Digital Mining (GRYP) soared more than 200%, following the news.
American Bitcoin (GRYP) to Go Public in Trump-Backed Merger
Under the merger terms, American Bitcoin shareholders will control 98% of the combined entity. Eric Trump will take the role of chief strategy officer. In a statement, he described the company's goal as building the most investable Bitcoin accumulation platform in the market.
However, Eric Trump — who has a background in real estate — told the crowd at CoinDesk's Consensus 2025 conference in Toronto ...
American Bitcoin, the crypto mining firm backed by the Trump family, is set to go public through a merger with another crypto ...
Positions American Bitcoin to become a publicly traded vehicle for low-cost Bitcoin accumulation at scale MIAMI, May 12, 2025 /PRNewswire/ -- American Bitcoin Corp.
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