American Bitcoin, a Bitcoin mining company backed by Donald Trump’s sons, Eric Trump and Donald Trump Jr., is preparing to start trading on NASDAQ in early September 2025. The company will enter the market through an all-stock merger with Gryphon Digital Mining. It will keep its name and use the ticker symbol ABTC.
The merger brings strong support from both crypto-focused and traditional investors. Hut 8, a leading firm, holds an 80% stake and is the biggest investor. Along with the Trump brothers, Hut 8 will own about 98% of American Bitcoin. This strong ownership shows the company is well-backed and ready to grow.
Asher Genoot, CEO of Hut 8, said the merger was chosen instead of a regular IPO because it offers better access to money and financing options. This move is expected to make American Bitcoin more attractive to both big institutional investors and regular traders who want safe exposure to Bitcoin.