Explanation: American Bitcoin – Why is it trend and what is the connection to Donald Trump's family? – crypto now

Updated May 14, 2025 10:33 is

The American Bitcoin Corporation is with a majority stake in Hut 8 Corp.

The company merged with Gryphon Digital Mining and the merger is expected to be completed in the third quarter of 2025. After this merger, the company is listed under the name AbtC on the Nasdaq exchange.

American Bitcoin: will soon go public

The American Bitcoin Corporation is set up with a majority stake in Hut 8 Corp, a large company in the crypto sector. According to a Bloomberg report, the two sons of the US President will have around 98 percent of the new company together with the existing American Bitcoin shareholders.

The remaining 2 percent belong to the existing gryphone. Eric Trump is also listed as a co -founder and member of the management team at American Bitcoin.

According to Coinmarketcap, the American Bitcoin announcement at the cryptom market did not lead much reaction, since Bitcoin continued to act with around 104,000 US dollars.

What is American Bitcoin? Who is behind it?

In February of this year, an investment company Dominari Holdings announced the introduction of a new company “American Data Center” to build the computer infrastructure for the AI ​​industry. Both Eric Trump and Donald Trump Jr. are investors in it, and Eric Trump is also a member of the Dominari Holdings advisory board.

American Bitcoin: Not Trump's first step

This is not the first step of the Trump family in the Krypto world. Previously, they had launched World Liberty Financial and meme coins such as $ Trump and $ Melania. Now with “American Bitcoin” you plan to carry out Bitcoin -Mining and Bitcoin accumulation on a large scale.

The company started in March 2025 and describes itself as a “pure” mining company, i.e. his entire focus is only on Bitcoin mining and related facilities. According to the company's merger, existing investors, including the Trump Brothers, will continue to have 98% of the company. According to Reuters, Eric Trump will continue to play the role of the strategic Chief Strategic Officer in this company.

What is Bitcoin or crypto mining?

Bitcoin mining is a process in which new bitcoins are created with computers and transactions in the Bitcoin network are confirmed. If someone sends or receives Bitcoin, this transaction must check. This work does “miners” who use very powerful computers. In the mining, the computer solves a very difficult mathematical problem. The miner who solves it gets some bitcoins as a reward. This process is referred to as Bitcoin mining. This reward gradually decreases, which is referred to as “halved”.

(Exclusion: The above article is only intended for information purposes and should not be regarded as investment advice.

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