With the support of Trump's children, "American Bitcoin" enters the Nasdaq through a merger with "Griffon"

On Monday, "American Bitcoin," a company specialized in cryptocurrency mining and backed by Eric Trump and his brother Donald Trump Jr., announced the signing of a comprehensive merger agreement with "Griffon Digital Mining," in a preliminary step for listing on the Nasdaq.

Under the agreement, current shareholders of "American Bitcoin" – led by the children of the former U.S. president and the company "Hut 8" for cryptocurrency mining – will retain a 98% stake in the merged entity, while the deal is expected to close during the third quarter of 2025.

This move is the latest step in a series of projects by the Trump family in the world of digital assets, which included the launch of a satirical cryptocurrency earlier this year and the establishment of "World Liberty Financial," in which Donald Trump has a stake.

Coinciding with the announcement, "Griffon" shares surged more than threefold to reach $2.19, while "Hut 8" recorded gains exceeding 11%, reaching $15.45 per share.

Eric Trump, who will continue to serve as the Chief Executive Officer for Strategy at "American Bitcoin," stated that the company's goal is to "build a leading investment platform that allows investors to accumulate Bitcoin in the most efficient ways."