American Bitcoin, a Bitcoin mining company founded by the US President Donald Trump’s sons — Eric Trump and Donald Trump Jr — is reportedly set to trade on Nasdaq in September. Canadian crypto-mining firm, Hut 8, the parent company of American Bitcoin, currently holds 80% of American Bitcoin.
The unlisted firm will go public via an all-stock merger with Gryphon Digital Mining in early September. However, the merger with Gryphon Digital Mining needs to be finalized, according to Asher Genoot, the CEO of Hut 8. Reportedly, American Bitcoin will trade under the stock ticker ABTC. After the merger, the combined share of Hut 8 and Trump’s sons in the new entity will be 80%.
American Bitcoin finds a merger better than an IPO
Typically, companies list shares on the stock exchange via an Initial Public Offering (IPO). However, American Bitcoin opted for a different way by merging with Gryphon Digital Mining. Talking about this matter to Reuters at the Crypto Asia conference in Hong Kong, Asher Genoot said that the merger method brings a lot of advantages to financing, like better funding opportunities. With Gryphon Digital Mining, American Bitcoin can tap into financing resources immediately.
Trump family’s involvement in crypto
Donald Trump and his family’s involvement in crypto has become a widely discussed topic. Since taking office in January 2025, Trump has launched several crypto initiatives, beginning with his own TRUMP coin. More recently, Trump Media partnered with crypto exchange Crypto.com and Yorkville to create the Trump Media CRO Strategy, a $6.4 billion digital asset treasury centered on CRO tokens. With a crypto-supportive environment now emerging in the U.S., more blockchain projects—particularly government-driven ones—are expected to rise in the coming years.
