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The mining company American Bitcoin, supported by the Trump family, is expected to go public in early September with the stock ticker symbol ABTC
BlockBeats News, August 28th, according to Reuters, the merger between the Trump family-backed mining firm American Bitcoin and Gryphon Digital Mining (GRYP.O) is expected to be completed soon, with the aim of going public in early September. Donald Trump Jr, Eric Trump, and mining company Hut 8 will collectively own 98% of the merged entity, which will retain the name American Bitcoin and trade under the stock symbol ABTC.
American Bitcoin has also been scouting acquisition targets in Asia recently to build a Bitcoin asset reserve. The company has begun reaching out to investors regarding potential acquisitions and is currently planning to acquire a listed company in Japan, while potentially entering the Hong Kong market simultaneously. Sources familiar with the matter stated that the company intends to emulate the MicroStrategy model by establishing a cryptocurrency reserve platform through the acquisition of a publicly traded company.
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