Bloomberg: The value of American Bitcoin shares held by Trump's second son may reach $367 million

Foresight News reported that Eric Trump, the second son of President Donald Trump, holds a significant stake in American Bitcoin Corp., which he co founded with others in March of this year. According to the securities filing submitted on Tuesday, his equity will be exchanged for approximately 367 million new shares of Gryphon Digital Mining Inc., a Nasdaq listed company, in a planned merger. Gryphon's stock price on Thursday was around $1, and its holdings may be worth $367 million when it goes public in the coming weeks. The merged company will be named American Bitcoin.