American Bitcoin, a mining firm co-owned by Eric Trump and Donald Trump Jr., is preparing for a September debut on the Nasdaq, marking one of the highest-profile crypto listings tied to the Trump family.
Instead of a traditional IPO, the company will list via a merger with Gryphon Digital Mining. Asher Genoot, CEO of Hut 8 and American Bitcoin’s largest investor, confirmed the process is nearly complete, with trading expected to begin in early September under the ticker ABTC.
Trump Stake and Key Backers
Once the merger closes, Hut 8, Eric Trump, and Donald Trump Jr. are expected to control 98% of the company. Other notable investors include Gemini co-founders Cameron and Tyler Winklevoss, underscoring the project’s strong ties to the crypto industry.
Founded in March 2025, American Bitcoin aims to build a treasury of BTC through both mining operations and direct purchases, using Hut 8’s data centers as its base of operations.
Political and Market Implications
The timing of the listing has drawn scrutiny, as it comes while the Trump administration is expanding crypto regulation. Critics warn of potential conflicts of interest, though Genoot has stressed the venture operates independently as a commercial enterprise, with Eric Trump focusing on strategy.
With its Nasdaq debut, American Bitcoin could emerge as a high-profile way for traditional investors to gain exposure to Bitcoin — blending politics, Wall Street, and digital assets in a way few other listings have before.
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