American Bitcoin, backed by Trump sons, merges with Gryphon to debut on Nasdaq, offering investors Bitcoin exposure through public markets.
American Bitcoin, a cryptocurrency company backed by Eric Trump and Donald Trump Jr., plans to go public in early September 2025. The company will complete an all-stock merger with Gryphon Digital Mining. After the merger, the new organization is to be traded on Nasdaq under the stock symbol ABTC.
Hut 8 to Own 98% of American Bitcoin After Merger
Presently, Hut 8, a large bitcoin mining company, holds 80% of American Bitcoin. Hut 8 will own 98 percent of the new public company after the merger, together with Eric and Donald Trump Jr. Trump brothers attract the publicity, whereas Hut 8 is rather strong in technical support and mining infrastructure.
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American Bitcoin decided to use a merger instead of an initial public offering (IPO) to accelerate entry into public markets. Asher Genoot, the CEO of Hut 8, stated that such an approach is quicker to finance and less challenging. He thinks that the merger company will expand rapidly in the post-listing period.
Meanwhile, American Bitcoin is going global. Eric Trump is presently in Hong Kong and will visit Tokyo in the near future. It is considering ways of acquiring crypto assets or making bets with digital asset companies in Asia. These actions have the potential to assist the firm increase international activities and give market exposure to bitcoin-related assets where purchasing stocks in the U.S. is challenging.
In March 2025, American Bitcoin was released. It is focused which is to amassing bitcoin by mining and direct buying. The company has mined more than 215 bitcoins and raised approximately 220 million in funds. This financial backing is a surety of growth in the firm.
Moreover, the company will benefit from Gryphon’s clean-energy mining operations. By using renewable energy and efficient data centers, American Bitcoin aims to be a pioneer in responsible mining of Bitcoin. The new company will also lease the mining infrastructure used by Hut 8 and this will enable the company to scale its operations rapidly.
Winklevoss Twins Support American Bitcoin Merger Deal
Treasury strategy is another significant aspect of the business. The company will have a high proportion of bitcoin in its corporate reserves. This is a model similar to those applied by other large bitcoin-centered companies. It enables traditional investors to have exposure to Bitcoin in a publicly traded stock.
Investors have already shown a keen interest in the merger. The deal is being supported by anchor shareholders, such as familiar crypto personalities, such as Tyler and Cameron Winklevoss. Despite financial issues, including the volatility experienced in the market recently and the impact of the Bitcoin halving, the company thinks it is in a good position to grow in the long term.
The involvement of the Trump family has been criticized. It has been said that there may be a conflict of interest, particularly because the Trump administration is pro-cryptocurrency. Genoot, however, emphasizes that the company is independent of the government. According to him, Eric Trump concentrates on strategic planning with particular emphasis on mining and site development.
Finally, American Bitcoin is gearing up to take a radical step. Having powerful leadership, solid support, and a well-defined growth strategy, the company hopes to become a significant participant in the publicly traded crypto mining arena. Its debut on the Nasdaq in September will be a milestone in the industry.
