Eric Trump's American Bitcoin going public in latest crypto move by president's family

The bitcoin mining company backed by President Donald Trump's sons, Eric Trump and Donald Trump Jr., is set to go public on the Nasdaq through an all-stock merger with Gryphon Digital Mining . Shares of Gryphon were up more than 300% Monday. The combined company, American Bitcoin, will trade under the ticker symbol "ABTC," with the transaction expected to close as early as the third quarter of 2025. Existing stockholders of American Bitcoin, including the president's two eldest sons, will own about 98% of the new entity. It is the latest high-profile move from the Trump family's growing crypto empire, which already includes the controversial $TRUMP meme coin that is offering a private dinner with the president to top holders of the coin. Eric Trump, who is a co-founder and chief strategy officer of the mining firm, framed the move as part of a broader strategy to cement the country's leadership in the global bitcoin mining race. "Every single sophisticated country is using their ... Read full article.