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American Bitcoin, a Bitcoin mining company backed by Donald Trump’s sons, Eric Trump and Donald Trump Jr., is preparing to start trading on NASDAQ in early September 2025. The company will enter the market through an all-stock merger with Gryphon Digital Mining. It will keep its name and use the ticker symbol ABTC.
The merger brings strong support from both crypto-focused and traditional investors. Hut 8, a leading Bitcoin mining firm, holds an 80% stake and is the biggest investor. Along with the Trump brothers, Hut 8 will own about 98% of American Bitcoin. This strong ownership shows the company is well-backed and ready to grow.
Asher Genoot, CEO of Hut 8, said the merger was chosen instead of a regular IPO because it offers better access to money and financing options. This move is expected to make American Bitcoin more attractive to both big institutional investors and regular traders who want safe exposure to Bitcoin.
American Bitcoin plans to expand globally. It is looking to buy companies in Hong Kong and Japan. This will allow investors in those regions to access Bitcoin-related stocks even if they cannot directly buy NASDAQ-listed crypto stocks.
The company combines Bitcoin mining with collecting Bitcoin reserves. This approach helps it adapt to changing market conditions and aim for the best returns. By mining and holding Bitcoin, American Bitcoin hopes to increase profits and provide value to its investors.
The public listing of American Bitcoin is seen as a new way for both institutional and retail investors to invest in Bitcoin in a regulated way through the stock market. It also marks an important step in the Trump family’s growing involvement in the cryptocurrency sector. Some critics have raised questions about conflicts of interest, but the company says it operates independently of government influence.
Investors and the crypto community will closely watch American Bitcoin as it prepares for its NASDAQ debut. Its performance and expansion plans will likely attract attention in the coming months.
Also Read: Bitcoin Price at $113K, Support at $111K, Eyes on $116K Breakout
