Trump Check the American Bitcoin Company to the public in the merger of Griffon
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American bitcoin, a new encoding mining process started by Eric Trump, Donald Trump Junior, and Data Center operator Cotton 8He is to merge with Griffon digital mining In a stock deal for stocks, put it in a position allowed by the public on the Nasdaq Stock Exchange by the third quarter of 2025.
“By taking the American bitcoin,” He said Cotton 8 (hut-6.40 %ASHer Genot CEO in a press statement, “We expect to open direct access to the allocated growth capital independently of the HUT 8 -budget for HUT 8.”
Eric Trump is the chief strategy official in American Bitcoin, and like his father, the United States wants to lead the world in bitcoin mining; In fact, that Really doesBitcoin miners They disappear from the rule of American water supply To cool their machines.
President Donald Trump He said Frankly, he wants the United States to be “the planet’s encryption capital.” Likewise, Eric Trump He said CNBC (CMCSA+0.03 %): “We won the space race. It is better to win the encryption race.”
Trump’s encryption transactions were in the spotlight. Congress unacceptable The genius law, which would create a federal framework for Stablecoins, after the expression of legislators Increase concerns on The world is financial freedomThe President’s sons, and the President’s M -currency, $ Trump. The currency site Promises Dinner with the president for the best 220 currency holders, with the best 25 obtaining a special reception. Promotion causes $ 50 % rising Trump.
On May 1, an investment fund in Abu Dhabi announced this Use Stablecoin for the Trump family To facilitate $ 2 billion in investment in Binance Crypto Exchange. While the genius law had support from the two parties, Republicans Rand Paul and Josh Holi have stood with the Democrats against the bill. The first Senate vote failed.
US Bitcoin shareholders will own 98 % of new shares in the integrated company. HUT 8 owns 80 % of the American bitcoin, where the Trump brothers have 20 %.
Gryphon Digital Mining (Gry) was higher 323 % when the markets were opened on May 12. The cottage stock 8 (cottage) increased by 16 % by midday.
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