Trump's second son's stake in American Bitcoin may be worth $367 million

Eric Trump, the second-oldest son of President Donald Trump, holds a significant stake in American Bitcoin, a company he co-founded in March. According to securities filings filed on Tuesday, his interest will be exchanged for approximately 367 million new shares of Nasdaq-listed Gryphon Digital Mining Inc. in a planned merger. With Gryphon's share price around $1 on Thursday, his stake could be worth $367 million when the company goes public in the coming weeks. The combined company will be named American Bitcoin.