Donald Trump Jr., left, and Eric Trump in New York earlier this month.

American Bitcoin, the bitcoin miner backed by U.S. President Donald Trump’s two sons, has locked in crypto and traditional investors to back an all-stock merger that will allow the firm to soon start trading on the Nasdaq, the company’s largest investor said.

The unlisted firm’s merger with Gryphon Digital Mining is set to be finalized shortly, and the goal is to start trading in early September, according to Asher Genoot, the CEO of Hut 8, which holds 80 per cent of American Bitcoin.

Anchor shareholders in the listing have already been finalized, he added.

The company’s co-founder, Eric Trump, his brother Donald Trump Jr. and Hut 8, will own a combined 98 per cent of the newly formed entity, which will retain t

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