Trump-Backed Bitcoin Miner Set to Go Public Amid Crypto Market Surge

Quick overview

American Bitcoin, a cryptocurrency mining firm co-founded by Eric Trump and Donald Trump Jr., is preparing to go public through an all-stock merger with Gryphon Digital Mining.

The combined company will retain the name American Bitcoin and is expected to list on the Nasdaq under the ticker symbol “ABTC.” The transaction is slated to close in the third quarter of 2025.

This move marks a strategic entry by the Trump family into the digital asset space, as they look to leverage their brand recognition and political influence to attract investors. Eric Trump will remain in a leadership role as Chief Strategy Officer, underscoring the family’s commitment to establishing American Bitcoin as a dominant player in the Bitcoin mining industry.

The merger has already stirred investor excitement, with Gryphon’s shares experiencing notable gains following the announcement. This is reflective of a broader market trend where traditional investors are increasingly seeking exposure to cryptocurrencies through publicly traded companies, especially those involved in infrastructure like mining and blockchain services.

For financial brokers, this development adds a new layer to client conversations about crypto exposure. Not every investor is comfortable holding Bitcoin directly, and ventures like American Bitcoin offer a more traditional route to participate in the space. The company’s upcoming listing will likely draw attention from high-net-worth individuals, family offices, and institutions looking to diversify their portfolios with digital asset-related equities.

The timing is also significant. It comes amid increased political and regulatory discussions around digital assets in the U.S., including proposals to expand White House oversight of cryptocurrencies. The intersection of policy, legacy influence, and technology presents both opportunities and complexities for investors.

As crypto continues to gain mainstream traction, American Bitcoin’s debut could serve as a bellwether for how legacy figures and institutional frameworks are shaping the future of digital finance. Brokers should prepare for increased inquiries and help clients assess where this fits in their broader investment strategy.

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Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.

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