American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., is to list on Nasdaq in September.
American Bitcoin, a crypto mining company linked to Eric Trump and Donald Trump Jr., is preparing to trade publicly on the Nasdaq under the symbol ABTC. Trading is expected to begin in early September.
Instead of going through a traditional IPO, the firm is entering the market through a reverse merger with Gryphon Digital Mining. This allows the company quick access to capital markets and more room for financial flexibility.
The company’s biggest backer, Hut 8, will maintain an 80 per cent stake. After the merger, the Trump brothers, together with Hut 8, will hold around 98 per cent of the new public company.
This structure gives the Trump family direct influence over strategy and operations, highlighting their growing presence in the digital asset space.
American Bitcoin’s ambitions stretch well past mining. The company is exploring asset acquisitions in Asia, particularly in Hong Kong and Japan.
Eric Trump is already in Hong Kong and plans to travel to Tokyo, with meetings lined up around Metaplanet, a Japanese firm known for holding bitcoin as treasury reserves.
These efforts could help the company expand into regions where investors often face hurdles when trying to access U.S.-listed crypto firms.
American Bitcoin emerged after rebranding from American Data Centres earlier this year, following its merger with Hut 8.
The new company wants to follow a model similar to MicroStrategy, where bitcoin is accumulated and held as part of the business’s main value. This “crypto treasury” approach gives stock market investors indirect exposure to bitcoin’s performance.
The Nasdaq debut marks another bold step by the Trump family into the cryptocurrency sector. Beyond mining, their interests now span meme coins, stablecoins, and blockchain-focused investment strategies, positioning digital assets as both financial tools and ideological statements.
