American Bitcoin, a company backed by Eric Trump, Donald Trump Jr. and Hat8, is the last detail that will debut in the stock market in early September after merging with Griffon Digital Mining.
Companies cited under ABTC tickets, Combining Bitcoin mining with the strategic accumulation of digital currenciesHUT 8 executive director Asher Genoot says he manages 80% of the company’s stake.
Additionally, some of the major shareholders have already been defined. Among them is Winklevos Brothers, co-founder of Exchange Gemini, but the Trump and Hat8 brothers have 98% of the entities.
Genoot explained that instead of creating the first public (IPO), the process of issuing new actions to the public to cite in the stock market, he chose to merge with Gryphon Digital Mining. This allows Access different sources of funding from already listed companiesmaximizing investor opportunities.
Meanwhile, Bitcoin in the US is planning to expand its scope by acquiring shares in companies other than the US. This gives international investors access to Bitcoin assets cited in the stock market, particularly those with restrictions on operation on the Nasdaq. Gennott has made it clear that he has no solid commitment yet, but his strategy calls for flexibility in a dynamic market.
The company was also launched in March by the Trump Brothers and Hut 8. It will benefit from the US’s favorable regulatory environmentpromotes the growth of cryptocurrency.
Gennot explained that American Bitcoin accumulates BTC both through mining and direct purchasesalways alternating both strategies according to the best performance.
The Trump brothers are showing an increase in their commitment to the digital asset sector through global liberty financials, which was defined in September 2024, as reported by encryption. The project, supported by President Donald Trump, promotes decentralized financial services, includes a ridiculous, silly USD1 linked to the dollar and backed by Treasure Bond.
