American Bitcoin and Gryphon Digital Mining Merger Nears Completion

According to BlockBeats, the merger between American Bitcoin, supported by the Trump family, and Gryphon Digital Mining is expected to finalize soon, with plans to begin trading in early September. U.S. President Donald Trump's sons, Donald Trump Jr. and Eric Trump, along with mining company Hut 8, will collectively own 98% of the new entity. The merged company will retain the name American Bitcoin and trade under the stock symbol ABTC. American Bitcoin is actively seeking acquisition targets in Asia to build its Bitcoin asset reserves. The company is currently in discussions with investors regarding potential acquisitions and is planning to acquire a publicly listed company in Japan, with possible expansion into the Hong Kong market. Sources indicate that the company aims to emulate the MicroStrategy model by acquiring publicly listed companies to establish a cryptocurrency reserve platform.