American Bitcoin, backed by Trump’s sons, aims to start trading in September

American Bitcoin, backed by Trump’s sons, aims to start trading in September

American Bitcoin, a Bitcoin mining company co-founded by Eric Trump and backed by Donald Trump Jr., is making strong progress in the crypto sector. The firm has secured anchor investors as it advances with an all-stock merger with Gryphon Digital Mining. This strategic move is set to enhance its competitiveness in the Bitcoin mining industry by expanding resources and operational capabilities.

After the merger, the company plans to debut on the Nasdaq under the ticker ABTC in early September. The listing aims to draw public-market attention toward cryptocurrency infrastructure firms, giving investors a chance to engage with the fast-growing digital-asset ecosystem. With influential backers and a focused growth strategy, American Bitcoin is positioning itself to meet rising demand for reliable and large-scale crypto mining operations.

Deal at a glance

• Structure: All‑stock merger between unlisted American Bitcoin and Gryphon Digital Mining.
• Target listing: Nasdaq, ticker ABTC.
• Backers: Co‑founder Eric Trump, Donald Trump Jr., and Hut 8.
• Ownership: The Trump brothers and Hut 8 will control a combined 98% of the newly formed entity; Hut 8 currently holds 80% of American Bitcoin.
• Status: Anchor shareholders have been finalized; management says paperwork is close to complete and trading could begin in early September.

Why a merger not an IPO

Hut 8 chief executive Asher Genoot says merging with an already listed peer offers a faster, more flexible route to market than a traditional IPO. Access to multiple financing channels, existing exchange relationships, and lower execution risk are central to the rationale. For investors gauging the American Bitcoin Nasdaq listing, the path via merger provides a clearer timeline and potentially less dilution than a drawn‑out public offering.

Expansion beyond the U.S.

Management has flagged deal‑making in Hong Kong and Japan as it assembles a global footprint. Eric Trump is visiting Tokyo for an event with Metaplanet, a Japanese bitcoin‑treasury firm, underscoring the Asia push. For investors eyeing the American Bitcoin Nasdaq listing, cross‑border stakes could broaden access to publicly listed bitcoin assets in markets where U.S. securities are harder to buy.

Ownership, strategy, and positioning

American Bitcoin plans to operate at the intersection of bitcoin mining, energy infrastructure, and data centers, leveraging Hut 8’s pivot toward power‑dense computing. Post‑merger, visibility from the American Bitcoin Nasdaq listing could help the company scale hashrate, secure lower‑cost energy, and deepen treasury strategies while courting both crypto‑native and traditional funds.

What to watch next

• Listing window: Early September launch once the merger formally closes.
• Capital plan: Details on financing lines and post‑listing capex.
• M&A radar: Prospective acquisitions in Hong Kong and Japan.
• Regulatory scope: Cross‑border compliance for crypto‑related assets.
• Ticker: ABTC. All eyes are on the American Bitcoin Nasdaq listing timeline as final steps come together.
  

Conclusion

If the merger stays on track, American Bitcoin’s Nasdaq debut under ABTC will serve as a key test of investor appetite for crypto-mining exposure. The timing aligns with renewed interest in bitcoin-treasury strategies, giving the firm a chance to attract strong market attention.

However, long-term success will depend on execution beyond the initial listing. Managing energy costs, improving fleet efficiency, and expanding into Asia will be crucial factors. By balancing operational discipline with growth initiatives, American Bitcoin has the opportunity to turn early market visibility into sustainable momentum and establish itself as a leading crypto-mining player.

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