American Bitcoin is preparing for its public stock listing on the Nasdaq exchange this September. This move is made possible by the completion of its merger with Gryphon Digital Mining. The merger is in its final stages, confirmed by Hut 8 CEO Asher Genut.
This is reported by Finway
Control of the Company and Development Strategy
American Bitcoin was founded in March 2025 through a collaboration between bitcoin miner Hut 8 and the sons of U.S. President Donald Trump — Eric Trump and Donald Trump Jr. After the merger, the company will retain its name and receive the stock ticker ABTC. Control of the new entity will be concentrated in the hands of Hut 8, Eric Trump, and Donald Trump Jr., who will own 98% of its shares.
Among the key investors in the project are Gemini cryptocurrency exchange co-founders Tyler and Cameron Winklevoss, who also participated in the company’s launch.
Future Plans and International Expansion
American Bitcoin positions itself as the future “largest and most efficient clean bitcoin miner in the world.” The company plans both mining and purchasing bitcoins, choosing the optimal strategy based on profitability. Eric Trump is responsible for the company’s strategic development, particularly in the areas of mining, new facility implementation, and treasury policy.
“Instead of going public directly through an IPO [initial public offering], we believed there were far more advantages in financing by merging with a company that already has access to various sources of capital,” Genut said in an interview during the Bitcoin Asia conference in Hong Kong.
In August of this year, it was reported that American Bitcoin is considering acquiring public companies in Japan and Hong Kong. This opens up prospects for scaling its international business and creating a global infrastructure for accumulating bitcoin.
Despite criticisms regarding a potential conflict of interest for Donald Trump in promoting the crypto industry, the company states that its activities have no relation to U.S. government structures.