Eric Trump & Donald Trump Jr.- Backed American Bitcoin to Go Public Through All Stock Merger

American Bitcoin, a new bitcoin miner backed by U.S. President Donald Trump’s two eldest sons, said on Monday it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining.

Existing shareholders of American Bitcoin, including co-founder Eric Trump, his brother Donald Trump Jr. and crypto miner Hut 8, will retain 98% ownership of the newly formed entity.

Read more at Reuters