Gryphon Digital Mining has gained shareholder approval to merge with American Bitcoin, a mining firm affiliated with the Trump family. The merger involves a 5-to-1 reverse stock split and will result in the new entity trading on Nasdaq under the ticker 'ABTC' starting September 2. American Bitcoin, co-founded by Donald Trump Jr. and Eric Trump, focuses on Bitcoin mining and accumulation, holding significant BTC reserves. The deal will combine Gryphon’s efficient mining operations with American Bitcoin’s strong Bitcoin treasury strategy, positioning the merged company as a competitive player in the public Bitcoin mining sector. Additionally, American Bitcoin plans to expand into Hong Kong and Japan, capitalizing on active crypto markets. This merger reflects broader trends of public firms increasing Bitcoin exposure, supported by the Trump administration’s pro-crypto policies and initiatives.
Continue to read Gryphon Digital Mining and American Bitcoin Merge to Strengthen Nasdaq Crypto Presence
Gryphon Digital Mining has gained shareholder approval to merge with American Bitcoin, a mining firm affiliated with the Trump family. The merger involves a 5-to-1 reverse stock split and will result in the new entity trading on Nasdaq under the ticker 'ABTC' starting September 2. American Bitcoin, co-founded by Donald Trump Jr. and Eric Trump, focuses on Bitcoin mining and accumulation, holding significant BTC reserves. The deal will combine Gryphon’s efficient mining operations with American Bitcoin’s strong Bitcoin treasury strategy, positioning the merged company as a competitive player in the public Bitcoin mining sector. Additionally, American Bitcoin plans to expand into Hong Kong and Japan, capitalizing on active crypto markets. This merger reflects broader trends of public firms increasing Bitcoin exposure, supported by the Trump administration’s pro-crypto policies and initiatives.
Continue to read Gryphon Digital Mining and American Bitcoin Merge to Strengthen Nasdaq Crypto Presence
Yorumlar
Yorum Gönder