American Bitcoin, the cryptocurrency mining company backed by Donald Trump Jr. and Eric Trump, is preparing to begin trading on the Nasdaq as early as September following the completion of a major merger. The firm, founded in March 2025 alongside U.S. crypto infrastructure company Hut 8, is merging with Gryphon Digital Mining in an all-stock deal that will pave the way for its public listing under the ticker symbol ABTC. Hut 8, which owns 80% of American Bitcoin, confirmed that the deal has secured support from both crypto-native and traditional investors.
Anchor investors have already been finalised, with Gemini exchange founders Tyler and Cameron Winklevoss among those backing the new entity. Once listed, American Bitcoin will remain majority controlled by its founding partners—Eric Trump, Donald Trump Jr., and Hut 8—who together will own about 98% of the company. Unlike a traditional IPO, executives said the merger approach offered more efficient access to financing and market entry.
Eric Trump, a co-founder of the venture, has been closely involved in shaping the firm’s strategy. Speaking at the Bitcoin Asia conference in Hong Kong, Hut 8 CEO Asher Genoot said the company intends to expand internationally by pursuing acquisitions and stakes in crypto-related firms in Asia, particularly in Hong Kong and Japan. He added that the firm’s model will combine mining with opportunistic bitcoin purchases, allowing it to shift strategies depending on market conditions.
American Bitcoin has branded itself as a “pure-play bitcoin miner” with ambitions of becoming the world’s largest and most efficient operator. To support this, Hut 8 will provide data center infrastructure through leasing arrangements. The launch also comes as the U.S. government under President Donald Trump continues to push crypto-friendly policies and legislation, a stance that has prompted critics to raise concerns about conflicts of interest given the Trump family’s deep involvement in the sector. The White House has dismissed such claims.
The company’s arrival on the Nasdaq underscores both the growing mainstream acceptance of bitcoin and the increasing role of political and family ties in shaping the crypto sector. While challenges remain in global regulation and investor confidence, American Bitcoin’s backers argue that its hybrid approach of mining and treasury management positions it to ride the next wave of institutional and retail demand for digital assets.
