Trump-Backed American Bitcoin to Go Public via Gryphon Digital Merger Valued at $350 Million, Ticker ABTC

American Bitcoin, a Bitcoin mining firm affiliated with the Trump family, is set to go public through a reverse merger with Gryphon Digital Mining, Inc. The merged entity will trade under the ticker symbol ABTC upon closing. The merger values the company at approximately $350 million. This announcement is part of a broader trend of Bitcoin-focused ventures entering public markets. Gryphon Digital Mining is a known player in the Bitcoin mining industry, and this transaction marks a significant development for the Trump family’s involvement in cryptocurrency mining. Additionally, another Bitcoin holding company, Nakamoto, led by David Bailey, is also pursuing a reverse merger, although details on that deal remain limited. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant