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23h ago

Eric Trump’s American Bitcoin Venture Nears Nasdaq Listing With $367 Million Stake

The merger closes this week, converting his holdings into roughly 367 million Nasdaq-listed shares.

Eric Trump, who along with Don Jr. and other business associates runs World Liberty Financial, participated in a session during the Token 2049 crypto conference in Dubai on May 1, 2025.
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Overview

  • American Bitcoin’s merger with Gryphon Digital Mining will take the combined entity public on Nasdaq under the American Bitcoin name.
  • Under the merger terms, Eric Trump’s equity interest will convert into about 367 million Nasdaq-listed shares, implying a $367 million valuation at recent trading levels.
  • A recent private sale of American Bitcoin stock suggested a per-share price of $0.25, which would place his stake at approximately $92 million at that rate.
  • Eric Trump will serve as chief strategy officer under a three-year advisory agreement for American Bitcoin that carries no cash compensation.
  • White House press secretary Karoline Leavitt affirmed that neither President Trump nor his family have engaged in conflicts of interest over the venture.