American Bitcoin seeks to include in the Nasdaq index with a sharing integration agreement with Gryphon Digital Mining.
American Bitcoin – supported by Eric Trump – has raised $ 220 million in his pursuit of Bitcoin’s operation, and these funds will be used to buy operating equipment in accordance with a new request made by Hut 8 Corp.
In a Bloomberg report, the company – Friday – sold shares worth $ 10 million for Bitcoin, instead of dollars, and this came by issuing new actions to private investors.
The request submitted has been indicated: “The company seeks to use clear yields to finance its strategic objectives for the collection of Bitcoin parts, and these objectives may include the purchase of Bitcoin currencies or their mining devices.”
The American Bitcoin is a relatively modern entity launched in March and exclusively on bitcoin mining at the Industrial Level and the Development of Bitcoin’s Strategic Reserves, a sub -company from Hut 8 that has the Majority of Its Shares, as Donald Trump Jr “Buying Bitcoin is only Half of the story” and spoke about mining and providing more opportunities in the appropriate Economic Conditions.
Hut 8 plans to integrate fully into Bitcoin America
The report also talked about the prosecution by the Nasdaq index company by integrating complete actions with Gryphon Digital Mining.
The sons of President Trump and the rest of the current investors will represent 98% of the shares of the new entity after the merger, this step was announced in May, and the new joint entity will operate under the name of America Bitcoin and should carry the ABTC code in the NASDAQ index.
Hut 8 World Expansion Plans
On Monday, one of the actors informed Bloomberg of Hut 8 plans to extend its operations and to penetrate new markets, and the mining giant chose the Emirate of Dubai to be the next destination because of its favorable nature of CAPTO, and the source denied the existence of any relationship between this expansion and the investment linked to the Trump family.
Post-American Bitcoin Company supported by Eric Trump raised $ 220 million to buy Bitcoin-Btc mining equipment first appeared on Arab Cryptonews.
