American Bitcoin, the bitcoin miner backed by two of President Donald Trump’s sons, has locked in crypto and traditional investors to back an all-stock merger that will allow the firm to soon start trading on the Nasdaq, the company’s largest investor said.
The unlisted firm’s merger with Gryphon Digital Mining is set to be finalized shortly, and the goal is to start trading in early September, according to Asher Genoot, the CEO of Hut 8, which holds 80% of American Bitcoin.
Anchor shareholders in the listing have been finalized, he said, including crypto exchange Gemini’s co-founders Tyler and Cameron Winklevoss.
Gemini did not immediately respond to Reuters’ requests for comment.
American Bitcoin’s co-founder, Eric Trump, his brother Donald Trump Jr. and Hut 8 will own a combined 98%