American Bitcoin, the Bitcoin mining company backed by the two sons of US President Donald Trump, has attracted investors in cryptocurrencies and traditional investors to support a merger of shares that will allow the company to begin its transactions in Nasdaq soon.

The merger of the non -listed company with Gryphon Digital Mining is expected to be completed soon and the goal is to start the negotiation in early September, according to Asher Genoot, Hut8’s chief executive, which owns 80% of American Bitcoin.

The main shareholders have already been finalized, the company’s co -founder, Eric Trump, his brother Donald Trump Junior and Hut8, will hold a total of 98% of the newly established business, which will maintain the name American Bitcoin and negotiate with ABTC.

“Instead of entering the Stock Exchange directly via IPO, we thought there were much more funding benefits if we had an existing company that already had access to different funding,” Genoot told Reuters in an interview with Crypto Asia Conference in Hong Kong.

Eric Trump is also in Hong Kong and will travel to Tokyo on the weekend for a Metaplanet event, a Japanese Bitcoin management company, Genoot said.

American Bitcoin is looking for cryptocurrencies to buy Hong Kong and Japan to develop its worldwide activities, the Financial Times reported two weeks ago.

Genoot said American Bitcoin could acquire share of companies outside the US to give people access to publicly listed Bitcoin assets.

“At the moment it is too early. So we have not been committed to anything, “he said