Trump's Son Holds American Bitcoin Shares Worth Up to $367 Million

BlockBeats News, July 31st, according to Bloomberg, Eric Trump, the son of former President Donald Trump, holds a significant amount of stock in American Bitcoin, a company he co-founded with others in March of this year. According to securities filings submitted on Tuesday, his stake will convert into approximately 367 million new shares of Nasdaq-listed company Gryphon Digital Mining Inc. The Gryphon's stock price on Thursday was around $1, and his holdings could be worth $3.67 billion when they are listed in the coming weeks as part of a merger. The merged company will be renamed American Bitcoin.