Paul Johnson By CryptoPixar Newsroom
American Bitcoin, the mining venture backed by U.S. President Donald Trump’s sons, is preparing for a high-profile market debut as early as September, aiming to shake up the global Bitcoin mining landscape with a Wall Street listing.
The company is finalizing its merger with Gryphon Digital Mining (GRYP), an all-stock deal that clears the path for trading on the Nasdaq under the ticker ABTC. Hut 8 CEO Asher Genoot, who oversees the largest stake in the company, confirmed that anchor shareholders are already locked in ahead of the listing.
Trump Family’s Crypto Play
Co-founders Eric Trump and Donald Trump Jr., alongside Hut 8, will hold a staggering 98% stake in the newly formed entity. The Trump brothers’ direct involvement places American Bitcoin at the intersection of political influence, family empire building, and the fast-evolving crypto economy.
Instead of opting for a traditional IPO, the firm chose the merger route. “There are a lot more advantages to financing with an existing company that already has diverse financing access,” Genoot explained during the Crypto Asia conference in Hong Kong.
Building a Global Bitcoin Giant
Eric Trump, who joined Genoot in Hong Kong this week, is scheduled to appear in Tokyo at an event hosted by Metaplanet, a Japanese Bitcoin treasury company. According to Genoot, American Bitcoin is actively scouting opportunities in Asia, particularly in Hong Kong and Japan, to acquire crypto assets and expand its international footprint.
The strategy signals a two-pronged approach:
U.S. Presence: Nasdaq listing to attract institutional and retail capital.
Asia Expansion: Strategic acquisitions in jurisdictions where direct access to U.S. crypto stocks is restricted.
Hut 8’s Pivot and Strategic Vision
Hut 8, a long-time Bitcoin mining player, has pivoted towards energy infrastructure and data centers. Its partnership with the Trump brothers reflects a bigger vision — combining political brand power with industrial-scale Bitcoin mining to capture a global investor base hungry for exposure to digital assets.
Key Takeaways
Ticker Symbol: ABTC
Ownership Structure: 98% held by Eric Trump, Donald Trump Jr., and Hut 8.
Listing Timeline: Early September on Nasdaq.
Expansion Plan: Acquire assets in Hong Kong and Japan to grow international access.
Strategic Edge: Merger structure chosen over IPO for financing advantages.
If successful, American Bitcoin’s debut could become one of the most watched crypto listings of the year, blending Wall Street, political clout, and digital asset infrastructure into a single play.
