Big news shaking up the crypto world! A new player, American Bitcoin, with ties to the Trump family, is making its debut on Nasdaq. This isn’t just another listing; it’s a strategic move that’s drawn massive investor attention. What impact will this have on the digital currency landscape?
The digital asset landscape is poised for a significant shake-up as American Bitcoin, a company co-founded with the backing of Eric Trump and Donald Trump Jr., prepares for its highly anticipated debut on the Nasdaq exchange. This strategic move, which has successfully secured substantial interest from both cryptocurrency and traditional investors, marks a pivotal moment for the firm aiming to become a dominant force in the global bitcoin mining sector.
American Bitcoin’s path to public trading involves an all-stock merger with Gryphon Digital Mining, a transaction expected to conclude imminently. According to Asher Genoot, CEO of Hut 8, the company’s largest investor, the ambitious goal is to commence trading under the stock code ABTC as early as September, signaling a rapid expansion into the publicly traded market.
The ownership structure of the newly formed entity underscores the significant involvement of key players. Eric Trump, alongside his brother Donald Trump Jr., and Hut 8, are set to collectively hold a commanding 98% stake in the merged company. This substantial ownership concentration highlights the deep commitment and strategic alignment among the principal stakeholders as they venture into the competitive digital assets space.
Explaining the rationale behind bypassing a direct Initial Public Offering (IPO), Genoot highlighted the numerous advantages of merging with an existing company that already possessed access to diverse financing tools. This calculated approach is designed to optimize capital acquisition and operational flexibility, providing a robust platform for American Bitcoin’s aggressive growth objectives in the bitcoin mining industry.
The global aspirations of American Bitcoin extend beyond mere domestic operations. Eric Trump’s recent engagements in Asia, including a presence at the Bitcoin Asia conference in Hong Kong and a scheduled visit to Tokyo for an event with Japanese bitcoin treasury firm Metaplanet, demonstrate the company’s international strategic outreach. These engagements are crucial for fostering partnerships and exploring new opportunities.
Further emphasizing its global ambition, American Bitcoin is actively seeking to acquire new crypto assets across Hong Kong and Japan. This international acquisition strategy is aimed at expanding its worldwide business footprint and providing investors with access to publicly listed bitcoin assets, particularly for those who might face restrictions on purchasing Nasdaq-listed stocks directly.
Launched in March 2025 by Hut 8 in collaboration with Eric Trump and Donald Trump Jr., American Bitcoin has articulated a clear vision: to establish itself as “the world’s largest, most efficient pure-play bitcoin miner.” This mission involves a dynamic treasury strategy, allowing the company to flexibly navigate between acquiring bitcoin and engaging in mining operations, optimizing returns based on market conditions.
Hut 8, initially a crypto miner itself, has since strategically pivoted its focus towards energy infrastructure and data centers, following the successful launch of American Bitcoin with the Trump sons. Genoot also clarified that American Bitcoin’s operations are distinct from governmental affairs, with Eric Trump primarily involved in strategic initiatives concerning bitcoin mining, new site development, and treasury management.
