THE bitcoin The mining company supported by President Donald Trump’s sons, Eric Trump and Donald Trump Jr., should make the Nasdaq public thanks to an All-Stock merger with Gryphon Digital Mining.
Gryphon’s shares increased by more than 300% on Monday.
The combined company, American Bitcoin, will be negotiated under the symbol of Ticker “ABTC”, the transaction should be closed in the third quarter of 2025.
The existing shareholders of American Bitcoin, whose two eldest wires of the president, will hold around 98% of the new entity.
This is the latest high -level move of the growing growing empire of the Trump family, which already includes the controversial part of $ Trump which offers a private dinner with the president to the best holders of the room.
Eric Trump, who is co-founder and director of the mining firm strategy, led the decision as part of a wider strategy to consolidate the country’s leadership in the world bitcoin mining race.
“Each sophisticated country uses its excess of power to exploit Bitcoin,” Trump previously told CNBC.
He moved away from any direct involvement with his father’s administration, but clearly made believe that the United States had to maintain a competitive advantage in the cryptography sector.
“We have won the space race. We will better win the crypto race,” he said.
On the campaign track, the president has repeatedly promised to support Bitcoin minors based in the United States, in particular by telling the leaders of a closed-door event in Mar-A-Lago that he wants all the future Bitcoin should be struck on American soil.
The latest administration decrees serve environmental restrictions and encourage more FURNDABLE DEVELOPMENT – A boon for oil minors, even if criticisms warn, this could have a high climate cost.
The cryptography market has shown little reaction. Bitcoin is negotiated at around $ 104,000, almost flat in the last 24 hours.
American Bitcoin is sculpted in the energy infrastructure platform Chet 8The wider artificial energy and intelligence infrastructure platform, a decision designed to separate its mining operations and unlock new capital.
Hut 8 shares increased 10% on Monday.
WATCH: Bitcoin minors grow on Donald Trump’s back
