The post Trump family’s American Bitcoin mining company readies to go public with updated SEC S-4 filing appeared on BitcoinEthereumNews.com.

The Trump family’s American Bitcoin Corp. and Gryphon Digital Mining have filed an amended S-4 registration statement with the U.S. Securities and Exchange Commission, moving forward on the public listing for the combined entity. The filing advances a previously announced stock-for-stock merger that will result in the formation of a new publicly traded company, American Bitcoin, expected to trade on Nasdaq under the ticker symbol “ABTC”. The transaction, targeted to close as early as the third quarter of 2025, will see Gryphon merge with a subsidiary of American Bitcoin, making American Bitcoin the new public parent company. Per the merger agreement, existing American Bitcoin shareholders will own approximately 98% of the new entity, with Gryphon shareholders holding the remaining 2%. American Bitcoin Corp American Bitcoin Corp. was launched in March as a majority-owned subsidiary of the energy and infrastructure company Hut 8. Initial statements indicated Hut 8 would hold an 80% ownership stake. The remaining 20% interest is held by the founding partners, which includes Eric Trump and Donald Trump Jr. However, the exact breakdown of this minority stake among the different partners has not been made public. The combined company’s leadership will be drawn from American Bitcoin. Matt Prusak, who started his entrepreneurial career selling COVID tests, will serve as CEO, and Eric Trump will serve as Chief Strategy Officer. In a statement, Matt Prusak, CEO of American Bitcoin, framed the transaction as a move to create a significant, publicly traded Bitcoin accumulation platform. Prusak stated, “The space has been fragmented. It’s over a dozen public miners. But what’s interesting about that kind of fragmentation is that it creates opportunity for category leader. Somebody really be that pure play. Give Bitcoin exposure, give hash rate exposure.” He emphasized the company’s asset-light model, which leverages a strategic partnership with Hut 8 Corp. for…

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Filed under: News - @ July 2, 2025 1:25 pm