American Bitcoin Goes Public: ABTC to Launch on Nasdaq With Trump Support

• Post-merger, Eric Trump, Donald Trump Jr., and Hut 8 will hold 98% of American Bitcoin, with plans for global expansion by acquiring crypto assets in Hong Kong.
• American Bitcoin will both mine and buy BTC depending on market conditions, while critics allege conflicts of interest over Trump’s pro-crypto stance.

Bitcoin miner American Bitcoin (ABTC), backed by the Trump family, is preparing for the public listing on the Nasdaq exchange, following an all-stock merger with Gryphon Digital Mining. As per the recent details, the trading for the same will start in September next month, under the ticker of ABTC.

Bitcoin Miner American Bitcoin to Merge With Gryphon Digital Mining

The merger between the Trump family firm and Gryphon Digital Mining shall close soon, with plans to begin trading in early September, according to Hut 8 CEO Asher Genoot. Bitcoin miner Hut 8 is the 80% owner of American Bitcoin, confirmed that anchor shareholders for the listing have been finalized, including Gemini co-founders Tyler and Cameron Winklevoss, who have invested in the new entity.

American Bitcoin’s co-founder Eric Trump, along with Donald Trump Jr. and Hut 8, will collectively hold 98% of the merged company, which will continue under the name American Bitcoin and trade under the ticker ABTC. While speaking to Reuters at the Bitcoin Asia conference in Hong Kong, Hut 8 CEO Asher Genoot said:

American Bitcoin is seeking to acquire crypto assets in Hong Kong and Japan as part of its global expansion strategy. Founded in March 2025 by Hut 8 in partnership with Eric Trump and Donald Trump Jr., the company has pledged to become “the world’s largest, most efficient pure-play bitcoin miner.”

CEO Asher Genoot noted that American Bitcoin may take stakes in firms outside the U.S. to provide investors access to publicly listed bitcoin assets, especially for those restricted from purchasing Nasdaq-listed stocks.

Unveiling the BTC Accumulation Plan

Genoot stated that the Trump family’s Bitcoin miner would accumulate their BTC through both buying and mining. Thus, the firm won’t act as a typical BTC treasury firm raising funds to buy BTC, or just a mining firm. Genoot said that they would switch based on the better options available at a given point in time.

The Trump family has been closely associated with all crypto developments, and the launch of DeFi projects like World Liberty Financial (WLFI). Critics of President Trump have raised concerns about potential conflicts of interest in his support for the crypto industry while his family has business ties in the sector, claims the White House has dismissed.

Genoot stated that American Bitcoin operates independently of the government and that Eric Trump’s role is primarily focused on strategic areas, including bitcoin mining, new site development, and treasury planning. As mentioned in our previous story, Donald Trump expects BTC to hit $1 million in the future.