logo

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

By: theblockbeats.news|2025/07/31 14:42:21

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.

Bernstein: Crypto Bull Market Cycle Still 'Early Stage'
TACEO Completes $5.5M Seed Round Funding, with a16z CSX Participation

You may also like

Share
copy

Gainers

Latest Crypto News

08:15

A trader closed a $18.8 million USD ETH short position at a profit of $909,000 USD

07:45

A whale bought 65.65 WBTC the day before liquidation and suffered a loss of $316,000.

07:15

Ripple Labs Granted Expansion of Payment Business Operations in Singapore

06:45

Arthur Hayes: If Tether holds illiquid assets, any mishap could trigger questions about overcollateralization

06:45

The current mainstream CEX and DEX funding rate indicates a weakening bearish market sentiment.

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]