American Bitcoin, a bitcoin-mining and accumulation company backed by Donald Trump Jr., Eric Trump, and crypto firm Hut 8, is set to begin trading on the Nasdaq stock exchange today under the ticker ABTC. The move is anchored in an all-stock merger with Gryphon Digital Mining, rather than a traditional initial public offering.
Post-merger, the Trump brothers and Hut 8 will control approximately 98% of the new entity. Hut 8, which owns 80% of American Bitcoin, played a central role in structuring the merger and overseeing the company’s operations.
Founded in March, American Bitcoin uses a “corporate treasury strategy” similar to that of Michael Saylor: accumulating bitcoin both by mining and outright purchase. The firm has already amassed thousands of bitcoins, investing investor capital into securing long-term crypto assets.
In addition to listing, the company plans to explore expansion in regions like Asia—particularly Hong Kong and Japan—to make publicly traded bitcoin assets more accessible to investors in markets where U.S.-listed stock purchases are restricted.
The listing comes as the Trump family deepens its footprint in the cryptocurrency space, drawing scrutiny from ethics watchdogs over potential conflicts of interest as the U.S. administration opens the door to crypto-friendly policies.