Editor's PiCK
"Trump family 'American Bitcoin', merger with Gryphon Digital approved... Will it enter Nasdaq?"
Summary
- Gryphon Digital Mining said it approved a merger with American Bitcoin.
- With this merger, American Bitcoin said it has laid the groundwork for Nasdaq listing and entry into the public market.
- American Bitcoin said it aims to significantly increase its Bitcoin holdings.
Nasdaq-listed mining company Gryphon Digital Mining said it has approved a merger with American Bitcoin. American Bitcoin is a Bitcoin (BTC) mining company in which the Trump family is involved.
On the 30th, crypto asset (cryptocurrency) specialist media Coindoo reported, "With this merger, American Bitcoin has paved the way to be listed on Nasdaq under the ticker ABTC on the 2nd of next month." Through the merger with Gryphon, American Bitcoin will be able to enter the public markets immediately without the traditional initial public offering (IPO) process.
Meanwhile, American Bitcoin was established in March after being spun off from Hut 8's infrastructure operations and has set a goal to significantly expand its Bitcoin holdings. Earlier, American Bitcoin said it currently holds 215 BTC. The industry estimates their actual holdings may reach 2000 BTC.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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