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

ChainCatcher news, according to Bloomberg, Eric Trump, the second son of 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, his stake will convert into approximately 367 million shares of the Nasdaq-listed company Gryphon Digital Mining Inc. at the time of a planned merger. Gryphon's stock price was about $1 on Thursday, and his shares could be worth $367 million when they go public in the coming weeks. The merged company will be named American Bitcoin.