Trump-Backed Bitcoin Aims for Nasdaq Listing in 2023

Eric Trump, leading American Bitcoin, is planning a public debut by merging with Gryphon Digital Mining. This listing will result in a Nasdaq debut later this year. The move aims to bring significant capital into the company, impacting investor markets and elevating Bitcoin mining profiles as part of the family’s ownership. American Bitcoin, co-founded by Eric Trump and supported by Donald Trump Jr., is set for increased engagement with investors. Its merger with Gryphon Digital Mining will unlock scaling opportunities and grant the Trump family greater ownership post-listing. 285% stock surge was observed in Gryphon following the announcement. This increase signals market optimism about the strategic move. The Trump family, currently owning 98% of American Bitcoin, aims to amplify Bitcoin’s accumulation efforts and potentially reshape investments in the digital asset sector. Government scrutiny could increase due to the political ties. Institutional investors and exchanges are closely watching the Nasdaq listing and potential impact.