American Bitcoin shares held by Trump’s second son may be worth up to $367 million
According to a report by Jinse Finance, Eric Trump, the second son of President Donald Trump, holds a significant stake in American Bitcoin, a company he co-founded with others in March of this year. According to securities filings submitted on Tuesday, in a planned merger, his stake will be exchanged for approximately 367 million new shares of Gryphon Digital Mining Inc., a Nasdaq-listed company. Gryphon's share price was about $1 on Thursday, so his holdings could be worth $367 million when they are listed in the coming weeks. The merged company will be named American Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Reserve Model Faces Major Test! MSCI’s New Rules "Target" Strategy (MSTR.US): May Be Removed from Global Indexes, Tens of Billions of Dollars in Sell-off Pressure Await
Recently, MSCI Inc. approved new rules that could ultimately result in the removal of Strategy Inc. from its global equity benchmark index. This move may trigger stock sell-offs worth several billions of dollars and add new pressure to the financing model behind Michael Saylor's massive bitcoin holdings.
Alcoa (AA.US) reported third-quarter revenue of $3.7 billion, up nearly 24% year-on-year.
Alcoa reported its financial results for the third quarter of 2026 on Thursday, showing a revenue of 3.704 billion USD for the quarter.
Crypto prices
More
