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Eric Trump-backed American Bitcoin to go public through all-stock merger
Economic Times
·
2m ago
Medial
American Bitcoin, backed by Eric and Donald Trump Jr., plans to list on Nasdaq via a merger with Gryphon Digital Mining. The deal allows current shareholders, including the Trump brothers and Hut 8, to retain 98% ownership. The Trump family is actively pursuing crypto ventures, facing ethical criticisms. Gryphon and Hut 8 shares surged following the announcement. American Bitcoin aims to be a leading Bitcoin accumulation platform, promoting US crypto leadership with a lighter regulatory approach.
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Donald Trump family Bitcoin company announces plan to go public
Economic Times
·
2m ago
Medial
American Bitcoin, co-founded by Eric Trump, plans to go public through a merger with Gryphon Digital Mining Inc. The company focuses on bitcoin mining, expanding the Trump family's involvement in the crypto industry. This move allows traders to invest in a Trump family entity. The firm's connection to the Trumps, highlighted by Eric Trump's role, raises ethical concerns. The family also launched other crypto ventures, with Eric Trump playing a key branding role.
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Trump-Backed American Bitcoin Adds $23 Million in BTC, Plans Nasdaq Listing After Gryphon Merger | DeepNewz VC
deepnewz
·
1m ago
Medial
American Bitcoin Corp, backed by Eric and Donald Trump Jr., has acquired 215 BTC, valued at over $23 million, since its launch on April 1. The company is merging with Gryphon Digital Mining and plans to go public under the ticker $ABTC by the third quarter of 2025.
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The Inside Story of Eric Trump’s American Bitcoin
Wired
·
8d ago
Medial
Eric Trump co-founded American Bitcoin (ABTC) with Hut 8, leveraging the Trump name for influence in the crypto mining industry. Launching in April, ABTC is 80% owned by Hut 8, with the Trump family owning 20%. Eric serves as a cofounder and chief strategy officer, aiming to capitalize on his family's connections and story. ABTC plans to scale rapidly, benefiting from Hut 8’s infrastructure while aiming to build a robust strategic bitcoin reserve.
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At Gulf bitcoin gathering, Trump family and allies to bask in crypto industry's euphoria
Economic Times
·
8m ago
Medial
Key players in President-elect Donald Trump's new cryptocurrency venture are heading to Abu Dhabi for the biggest bitcoin event in the Gulf region. The Bitcoin MENA conference will feature speakers such as Eric Trump, Steve Witkoff, and Justin Sun, all of whom have close ties to Trump's World Liberty Financial. The conference carries significance as it coincides with the rise of bitcoin and Trump's pledge to make America the new crypto capital. Other notable speakers include Binance founder Changpeng Zhao and Paul Manafort, Trump's former campaign manager. Trump and his family members have not commented on their involvement.
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Trump-Backed American Bitcoin Raises $300 Million, Plans $12 Billion Fundraising; Cardone Capital Buys $100 Million Bitcoin | DeepNewz VC
Business Bytes
·
2m ago
Medial
American Bitcoin, backed by former President Donald Trump, has successfully raised $300 million and is planning a significant fundraising effort aiming for $12 billion. The move is reportedly considered to potentially invest in Bitcoin, as highlighted by Crypto Rover on social media. This development points to a substantial interest in the cryptocurrency sector, particularly connected to prominent political figures, highlighting the ongoing momentum and investment appeal within this digital asset space.
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Biotech firm Vyome Therapeutics to go public via reverse merger with Nasdaq-listed Reshape Lifesciences
Economic Times
·
1y ago
Medial
Biotech company Vyome Therapeutics is set to go public in the US through a three-part transaction, including a reverse merger with Reshape Lifesciences. Nasdaq-listed Reshape and Vyome, a clinical-stage company targeting immuno-inflammatory and rare diseases, will merge in an all-stock transaction. Alongside this, investors such as Manipal group chief Ranjan Pai, Remus Capital, and Iron Pillar will invest at least $7.3 million in the merged entity through a private placement. Vyome plans to use the capital to expand its pipeline of immuno-inflammatory assets. Reshape has also entered into an agreement to sell its assets to Biorad Medisys.
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Trump's social media company to debut on Nasdaq following Digital World merger
Livemint
·
1y ago
Medial
Donald Trump's media business, Trump Media & Technology Group, which includes the social networking site Truth Social, is set to begin trading on the Nasdaq stock market soon. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved the merger with Trump's media business. If the merger goes through, Trump could potentially receive a payout of over $3 billion. However, there is a lock-up provision that prevents immediate cashing out of the shares. The deal has faced legal challenges and Trump Media has reported losses in the past.
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Trump Media to Raise $2.5 Billion via Stock, Notes for Major Corporate Bitcoin Treasury | DeepNewz Stocks
Business Bytes
·
2m ago
Medial
Trump Media plans to raise approximately $2.5 billion through the sale of $1.5 billion in stock and $1 billion in convertible notes. The proceeds will be used to create a Bitcoin treasury. This move signifies the company's strategy to invest in cryptocurrency, highlighting the growing trend of major corporations investing in digital currencies as part of their financial strategies.
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Fairfax-backed Go Digit Insurance gets SEBI approval for IPO
VCCircle
·
1y ago
Medial
Go Digit General Insurance, backed by Fairfax, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The company had filed its draft prospectus in August 2022, but faced delays due to concerns raised by SEBI. Go Digit plans to raise around $151 million through the issuance of new shares and offer for sale of existing shares. The IPO comes at a time when India's stock market is performing well and the IPO market is booming. However, Go Digit faced criticism earlier this year over accounting practices.
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Trump's Crypto Embrace Could Be a Disaster for Bitcoin
Wired
·
1y ago
Medial
The alliance between former President Donald Trump and the crypto world seems unlikely, considering his past skepticism and lack of understanding about cryptocurrencies. However, at the Bitcoin 2024 conference, Trump claimed credit for bitcoin's rise and promised to make the US the "crypto capital of the planet." His proposals, such as creating a bitcoin reserve and pardoning Silk Road owner Ross Ulbricht, go against the fundamental principles of decentralization and government non-interference that the blockchain represents. The crypto community's support for Trump may be misguided, as his regulatory approach could ultimately harm the industry's long-term stability.
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