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Trump Family Mining Firm American Bitcoin Applies to Raise Up to $2.1 Billion through a Market Price Offering

By: theblockbeats.news|2025/09/03 14:11:48

BlockBeats News, September 3rd, the Trump family-owned Bitcoin mining company American Bitcoin has applied to raise up to $2.1 billion through a market price offering.

American Bitcoin, which will debut this Wednesday, will be officially listed on the Nasdaq Stock Exchange after completing a merger with Gryphon Digital Mining.

Donald Trump Jr, Eric Trump, and mining company Hut 8 will collectively own 98% of the new entity formed after the merger. The new entity will retain the name American Bitcoin and will trade under the stock symbol ABTC.

Following the release of the US employment data, the probability of a Fed rate cut in September has increased to 98%.

Federal Reserve Bank of Boston: Soft Job Market Warrants Some Policy Accommodation