Trump-Backed Firm Accumulates Bitcoin, Eyes Public Listing via Gryphon Merger

American Bitcoin, a firm with ties to Donald Trump Jr. and Eric Trump, has been aggressively accumulating Bitcoin, amassing over 215 BTC worth over $23 million. The company plans to list on the public markets through a merger with Gryphon Digital Mining, a move that could significantly boost its reach and financial stability. This venture exemplifies the growing convergence of traditional political spheres and cryptocurrency, raising questions about the future of Bitcoin in finance.