Trump -backed Bitcoin Complete Bitcoin, the Nasdaq List in September star-news.press/wp
The American company Bitcoin, founded by Eric Trump, Donald Trump, and Hut 8 Corb, completed the previously announced integration with Gryphon Digital Mining Inc. And the newly formed entity, which is called American Bitcoin, will be included in the Nasdak Stock Exchange early next month under the neglected symbol “ABTC”.
The American bitcoin currency completes merged with Gryphon digital mining
Griffon stock campaign during the private meeting He agreed to integrate stocks against stocks With the American bitcoin. The voting snapshot occurred on July 25, 2024, when the company’s board of directors recommended integration.
American Bitcoin has been working in the past few months with the only purpose of collecting BTC and participating in the network mining process. This will be similar to the Mara Holdings for Bitcoin Mara Holdings, as it is currently the second largest BTC company.
Regarding the merger treatment, Gryphon will divide the opposite shares of its joint share by 5-FOR-1 by September 2, 2025, to facilitate the listing and trading of ABTC shares.
Thus, the division of reverse stocks will reduce the current stocks in Gryphon from about 82.8 million to about 16.6 million. According to the announcement, the shareholders of Gryphon, detained through brokerage companies and any other guardian, will not be required to take any action after dividing the shares that aims to facilitate the merger.
In addition, Gryphon shareholders who hold the company’s shares are not required to take any action after dividing the shares. However, the accredited shareholders of Gryphon shares will be asked to follow the specific instructions from Continental Stock Transfer & Trust Company.
The company’s road map under Eric Trump is 8
The newly formed entity will benefit Eric Trump’s passion for leadership and technical knowledge of HUT 8. The US Bitcoin shareholders, along with Donald Trump, have 98 %, and thus largely control the future road map and market expectations.
Earlier this year, Eric Trump revealed, during the 2025 consensus, that the American Bitcoin will focus on ridicule Michael Celor’s strategy as the largest BTC holder. After the last bitcoin accumulation, the strategy currently has 632,457 BTC, which is a market value of about $ 68.2 billion.
“I think we will accumulate a huge amount of bitcoin, but I also want to be the person inhaling to a large extent cheaper,” Erik note in consensus 2025. Bitcoin America in the SEC file was detected that it has accumulated about 215 Bitcoins, which is worth about $ 23 million.
The company highlighted that it has not yet achieved its goal to accumulate Bitcoin, but it noted that it would continue to collect capital to buy more coins. “Bitcoin accumulation is not a side effect of ABTC. It is action. ABTC Layer 2 is designed to convert Bitcoin production into long -term Bitcoin ownership,” Note the company’s SEC file.
It is worth noting that HUT 8 currently holds a group of BTC about 10667 coins estimated at $ 1.15 billion.
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