Eric Trump's Schedule 13D Filing for American Bitcoin Corp.

Eric Trump filed a Schedule 13D with the SEC regarding his ownership of Class A Common Stock in American Bitcoin Corp. (formerly Gryphon Digital Mining, Inc.). The filing details the merger between Gryphon Digital Mining, Inc. and American Bitcoin Corp., resulting in the issuance of 68,147,664 shares of Class B Common Stock to Trump. Each Class B share is convertible into one Class A share, with Class B shares holding 10,000 votes per share compared to one vote per Class A share. Trump's ownership represents 7.5% of the Class A shares outstanding. The filing also outlines Trump's rights under the Investors' Rights Agreement, including the right to serve as a director and registration rights for his shares. The purpose of the transaction is for general investment, with Trump reserving the right to buy or sell shares based on market conditions and other factors.