American Bitcoin shares held by Trump’s second son may be worth up to $367 million

According to a report by Jinse Finance, Eric Trump, the second son of President Donald Trump, holds a significant stake in American Bitcoin, a company he co-founded with others in March of this year. According to securities filings submitted on Tuesday, in a planned merger, his stake will be exchanged for approximately 367 million new shares of Gryphon Digital Mining Inc., a Nasdaq-listed company. Gryphon's share price was about $1 on Thursday, so his holdings could be worth $367 million when they are listed in the coming weeks. The merged company will be named American Bitcoin.