Trump-Backed American Bitcoin to List on Nasdaq After $23M BTC Build
American Bitcoin, founded by Eric Trump, Donald Trump and Hut 8 Corp, has completed its merger with Gryphon Digital Mining Inc...
Quick overview
- American Bitcoin, founded by Eric Trump, Donald Trump, and Hut 8 Corp, has merged with Gryphon Digital Mining Inc. and will list on Nasdaq as ABTC in September.
- The merger, approved unanimously by Gryphon's board, involves a stock-for-stock transaction and a 5-for-1 reverse stock split to streamline the listing process.
- American Bitcoin aims to become the largest corporate Bitcoin treasury holder, focusing on accumulating and mining Bitcoin efficiently.
- With 98% ownership by its founders, the company leverages Hut 8's mining expertise and brand power to disrupt the corporate Bitcoin market.
American Bitcoin, founded by Eric Trump, Donald Trump and Hut 8 Corp, has completed its merger with Gryphon Digital Mining Inc. The new combined entity will list on the Nasdaq in September under the ticker ABTC.
The merger was approved by a July 25, 2024 shareholder vote and was unanimous by Gryphon’s board. The deal is a stock for stock transaction and Gryphon also confirmed a 5 for 1 reverse stock split to simplify the listing process. This reduces outstanding shares from 82.8 million to 16.6 million.
According to the release, shareholders with brokerage or custodian accounts do not need to do anything. Only certificated shareholders need to follow instructions from Continental Stock Transfer & Trust Company.
🇺🇸 “American Bitcoin,” backed by the Trump family, is aiming for a Nasdaq debut in September—merger with Gryphon Digital Mining underway.#AmericanBitcoin #Nasdaq #TrumpCrypto
— SouljahVerse.eth (@s0uljah_) August 30, 2025
Treasury Strategy Focused on BTC
Unlike diversified miners, American Bitcoin has declared its sole mission: to accumulate and mine Bitcoin as cheaply as possible. The strategy is similar to companies like Marathon Digital Holdings (MARA) who is currently the 2nd largest Bitcoin treasury holder.
In its latest SEC filing the company disclosed 215 BTC worth $23 million. The company stated that accumulating Bitcoin is not incidental but the core business model. Its goal is to turn mined Bitcoin into long term reserves through a layer 2 ownership strategy.
Eric Trump outlined the vision at Consensus 2025:
- Be the largest corporate BTC treasury holder, ahead of MicroStrategy.
- Scale up Bitcoin mining to lower production costs.
- Build ABTC into a publicly traded institutional grade BTC vehicle.
MicroStrategy, led by Michael Saylor, is the benchmark with 632,457 BTC worth about $68.2 billion. American Bitcoin’s leadership acknowledges the gap but sees institutional capital and mining economics as the key levers to close it.
Gryphon Digital Mining merger with Trump-backed American Bitcoin approved. Nasdaq debut as $ABTC expected early Sept, with Trump family & Hut 8 controlling ~98%#CryptoNews #Bitcoin #ABTC #Nasdaq #Trump #Blockchain
— Arca View (@arcaview) August 30, 2025
Backing From Trump and Hut 8
American Bitcoin is heavily backed by its founding trio: Eric Trump, Donald Trump and Hut 8 Corp. Together they own 98% of the new entity giving them almost complete control over the direction.
Hut 8 brings technical depth and substantial reserves, currently holding 10,667 BTC worth $1.15 billion. By combining Trump’s brand power with Hut 8’s mining expertise, ABTC aims to be a disruptor in the corporate Bitcoin space.With listing just weeks away investors are waiting to see if American Bitcoin can scale fast enough to take down the competition. The company’s focus on raising capital and buying BTC means it’s not just looking to be a public miner, it’s looking to be the leader.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save