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Trump-Backed American Bitcoin Adds $23 Million in BTC, Plans Nasdaq Listing After Gryphon Merger | DeepNewz VC

deepnewz

deepnewz · 1m ago

Trump-Backed American Bitcoin Adds $23 Million in BTC, Plans Nasdaq Listing After Gryphon Merger | DeepNewz VC

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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Eric Trump-backed American Bitcoin to go public through all-stock merger

Economic Times

Economic Times · 2m ago

Eric Trump-backed American Bitcoin to go public through all-stock merger

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.

Donald Trump family Bitcoin company announces plan to go public

Economic Times

Economic Times · 2m ago

Donald Trump family Bitcoin company announces plan to go public

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.

Strive Raises $750M, Eyes $1.5B for Bitcoin Treasury and Asset Entities Merger, Targets $7.9B Mt. Gox Claims | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Strive Raises $750M, Eyes $1.5B for Bitcoin Treasury and Asset Entities Merger, Targets $7.9B Mt. Gox Claims | DeepNewz VC

Vivek Ramaswamy’s company, Strive, has successfully raised $750 million with plans to establish a Bitcoin treasury. The strategy involves purchasing claims from Mt. Gox and implementing alpha strategies aimed at outperforming Bitcoin ($BTC). This initiative marks a significant move in leveraging Bitcoin as a strategic asset while exploring further opportunities in the cryptocurrency space.

Trump-Backed American Bitcoin Raises $300 Million, Plans $12 Billion Fundraising; Cardone Capital Buys $100 Million Bitcoin | DeepNewz VC

Business Bytes

Business Bytes · 1m ago

Trump-Backed American Bitcoin Raises $300 Million, Plans $12 Billion Fundraising; Cardone Capital Buys $100 Million Bitcoin | DeepNewz VC

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.

YZi Labs Invests in Avalon Labs, Backer of USDa Stablecoin and BTC-Collateralized Lending | DeepNewz VC

deepnewz

deepnewz · 2m ago

YZi Labs Invests in Avalon Labs, Backer of USDa Stablecoin and BTC-Collateralized Lending | DeepNewz VC

A VC firm, Yzi Labs, has invested in Avalon Labs, which supports a USDA stablecoin backed by BTC-collateralized lending. Meanwhile, Chengtong, a national team investor, is investing 600 million yuan in State-Owned Enterprise (SOE) Digital Economy ETFs as multiple products approach listing.

Trump Media's $DJT Finalizes $2.32B Deal for $BTC Treasury, Boosting Truth Social | DeepNewz VC

deepnewz

deepnewz · 2m ago

Trump Media's $DJT Finalizes $2.32B Deal for $BTC Treasury, Boosting Truth Social | DeepNewz VC

Trump Media has reportedly finalized a $2.32 billion deal to purchase Bitcoin and hold it as a treasury asset. The strategic move is aimed at boosting Truth Social, a platform associated with Donald Trump. This acquisition appears to be part of a broader strategy to leverage cryptocurrency in enhancing financial reserves and maneuvering within the digital media landscape effectively.

The Inside Story of Eric Trump’s American Bitcoin

Wired · 2d ago

The Inside Story of Eric Trump’s American Bitcoin

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.

Trump's social media company to debut on Nasdaq following Digital World merger

Livemint

Livemint · 1y ago

Trump's social media company to debut on Nasdaq following Digital World merger

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.

Truth Social is going public

The Verge

The Verge · 1y ago

Truth Social is going public

Shareholders of Digital World Acquisition Corporation have approved the merger with Truth Social, Donald Trump's social media app. This merger could potentially increase Trump's net worth by $3 billion. The merger will result in shareholders of DWAC becoming shareholders of Trump Media & Technology Group (TMTG), the parent company of Truth Social. Trump's media company is expected to start trading on Nasdaq under the symbol DJT as early as next week. However, Trump is currently prohibited from selling his shares or using them as collateral due to a lock-up provision, although he can request a waiver from the board.

Strive Raises $750M, Eyes $1.5B for Bitcoin Treasury and Asset Entities Merger, Targets $7.9B Mt. Gox Claims | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Strive Raises $750M, Eyes $1.5B for Bitcoin Treasury and Asset Entities Merger, Targets $7.9B Mt. Gox Claims | DeepNewz VC

Strive has raised $750 million with an aim to establish a Bitcoin treasury. The company plans to purchase Mt. Gox Bitcoin claims and implement alpha strategies to outperform Bitcoin itself.

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