American Bitcoin Completes Merger for Nasdaq Listing

• Lyla Velez
• August 30, 2025
• Business
• 0 Comments

American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., has completed its merger with Gryphon Digital Mining, preparing for a Nasdaq listing in September 2025.

The merger of American Bitcoin with Gryphon Digital Mining signals increasing political and financial stakes, marking a notable debut on the Nasdaq exchange.

The merger enables American Bitcoin, structured with the involvement of Eric Trump and Donald Trump Jr., to adopt its name and ticker ABTC. Hut 8 holds an 80% controlling interest, establishing major influence in mining operations.

The merger impacts the cryptocurrency market as American Bitcoin, now structured as both miner and treasury accumulator, prepares for its public debut. This move may prompt increased institutional interest in crypto-linked equities.

The event underscores the political and financial implications of the merger, with strong connections to the Trump family. Market dynamics are expected to adapt to this Nasdaq listing, distinct due to its political associations.

Comprehensive financial implications of the merger are anticipated, considering their strategy of leveraging existing company structures. As Asher Genoot, CEO of Hut 8, said, “Instead of going public directly via IPO, we thought that there was a lot more advantages to financing if we had an existing company that already had access to different financing too.”

The listing of American Bitcoin provides insights into future trends within the cryptocurrency industry. By focusing on both BTC mining and accumulation, financial strategies are expected to mirror successes of previous major mining IPOs.