Trump Sons’ Crypto Venture American Bitcoin to List on Nasdaq in September

American Bitcoin, a Bitcoin mining firm involving Eric Trump and Donald Trump Jr., sons of US President Donald Trump, is set to go public through an all-stock merger with Gryphon Digital Mining. The company, which is supported by both traditional and crypto investors, is set to begin trading on Nasdaq under the ticker symbol ABTC in early September 2025.

Hut 8, which owns 80 per cent of American Bitcoin, is the largest investor in the deal and will continue to play a key role in the merged entity. The merged company will retain the name American Bitcoin.

Eric Trump, Donald Trump Jr., and Hut 8 will together hold 98 per cent stake in the merged company, while crypto exchange Gemini’s co-founders, Tyler and Cameron Winklevoss, have also invested. The merger allows the firm to leverage existing financing channels instead of going public through a traditional initial public offering (IPO).

Asher Genoot, the CEO of Hut 8, told Reuters during an interview at the Bitcoin Asia conference in Hong Kong that the decision to merge rather than pursue a traditional IPO was strategic. The company saw greater advantages in merging with an existing entity that already had access to various financing options over pursuing a traditional IPO. This approach will provide more flexibility and financial leverage compared with going public directly, he said. According to the report, anchor shareholders in the listing have also been finalised.

Eric Trump, who is currently in Hong Kong, is scheduled to head to Tokyo this weekend to participate in an event hosted by Japanese Bitcoin treasury firm Metaplanet, as part of American Bitcoin’s Asia expansion plans. According to Genoot, American Bitcoin is actively exploring opportunities to acquire crypto assets in Hong Kong and Japan as part of its strategy to expand and build its global business. According to the Financial Times, the company is focusing on expanding its footprint in Asia in order to diversify outside of the United States.

American Bitcoin, which was launched in March 2025 by Hut 8 in partnership with Eric Trump and Donald Trump Jr., aims to become one of the world’s largest and most efficient pure-play Bitcoin mining companies. The company plans to acquire Bitcoin through both mining and direct purchases, adjusting its approach based on market conditions.

Hut 8, which was previously a Bitcoin miner, currently focuses on energy and data centres, but will lease capacity to American Bitcoin. Asher Genoot said Eric Trump’s involvement in American Bitcoin is mainly focused on strategic areas, such as Bitcoin mining operations, site development, and treasury planning. He added that the company’s activities are unrelated to government functions.

Critics have expressed worries about potential conflicts of interest, pointing out that President Trump is pushing the cryptocurrency industry while members of his family have commercial interests in the area. The White House has refuted the allegations.