American Bitcoin, the bitcoin mining operation co-founded by Eric Trump and Donald Trump Jr. in partnership with Hut 8, is on track to begin trading on the Nasdaq early this month of Spetmber. The IPO will take place through a stock exchange merger with Gryphon Digital Mining. The company will trade under the ticker ABTC.
The deal was structured to avoid a traditional IPO and provide faster access to capital. Hut 8 remains the majority owner, while the Trump brothers collectively control the remaining shares, altogether retaining near-total ownership of the newly listed entity. The exact participations were not revealed.
At the Crypto Asia conference in Hong Kong, Hut 8 CEO Asher Genoot explained the logic behind the deal and financing advantages of this route. He also revealed that American Bitcoin is exploring global expansion, targeting crypto assets in Hong Kong and Japan to enable broader investor access, especially for those unable to buy Nasdaq stocks.
The company’s dual strategy, consisted of mining bitcoin and accumulating it via direct purchase, positions it to function as both a treasury accumulation platform and a mining operation, adjusting to whichever method offers the best return over time.
American Bitcoin’s Nasdaq listing comes amid a broader pro-crypto shift in US policy under President Trump’s administration, which includes regulatory flexibility and support for crypto infrastructure under the recent Genius Act. Although the campaign has faced criticism for possible conflicts of interest, the White House has dismissed concerns.
