Minera Bitcoin backed by the Trump family will be made public after a merger agreement

By Hannah Pérez

American Bitcoin has signed a merger agreement with Gryphon that will make it a public company in the US. Its launch occurs immediately after its inauguration in March.

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• American Bitcoin, backed by Donald Trump’s children, is thrown into the American stock market.
• The company dedicated to Bitcoin signed a merger agreement for Gryphon, which already quotes in the stock market.
• American Bitcoin, focused on cryptocurrency, opened only in March.
• Gryphon’s shares shot more than 250% on Monday, and those of HUT 8 10%.

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American Bitcoina recently created company associated with Donald Trump’s family and that works as a subsidiary of the mining company Bitcoin, Hut 8, He is ready to become a public company in the United States.

From a merger agreement with Gryphon Digital Mining, Inc.which is quoted in the American stock exchange, American Bitcoin Plan to be public this year, according to the parties in a press release this Monday.

The merger structure will see the shareholders of American Bitcoin have approximately 98% of the combined company, while the shareholders of Gryphon They will have the remaining 2%.

The entity will operate under the brand of American Bitcoinwith the actions quoting in Nasdaq under the “abtc” symbol, according to the statement. The transaction of shares is planned to conclude in the third quarter of 2025, waiting for regulatory and shareholders approval. A specific launch schedule was not provided.

American Bitcoin is thrown into the bag just after its inauguration

The news occurs only weeks after the inauguration of American Bitcoina new company focused exclusively on mining Bitcoin and the strategic development of reserves of Bitcoinwith support of the children of the US president.

Presented in March, the company was born from a strategic association between Hut 8 and American Data Centersa company that has Eric Trump and Donald Trump Jr. as investors.

Hut 8one of the most important public companies in the cryptocurrency sector, transferred almost all its mining equipment Bitcoin To the new entity, the owner of 80% of American Bitcoin. His CEO, Asher Genoot, had already advanced at the beginning of the month to Bloomberg the intentions that the newly launched company became public in the United States.

“This transaction marks the next step to climb American Bitcoin as a vehicle specially designed for the accumulation of Bitcoin at low cost at scale”Said Genoot on the note on Monday.

“When taking Public Public, we hope to unlock direct access to the growth capital dedicated independently of the Hut 8 balance, while preserving long -term exposure from Bitcoin to our shareholders for our shareholders“The CEO added.

The actions of Hut 8 9% increased to USD $ 15.18 after the news, according to Google Finance. The gain came after, last week, the company reported a millionaire loss in the quarter after the association to support American Bitcoin.

Gryphon It benefited even more, registering a 266% meteor jump in the price of their shares on Monday.

Once the merger is over, the Board of Directors of American Bitcoin It will include Mike Ho, Asher Genoot, Justin Mateen and Michael Broukhim, and with Mike Ho, Matt Prukak and Eric Trump in the management team, according to the note.

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Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI, under free use license

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