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Trump Family-Linked American Bitcoin to Debut on Nasdaq in September

Trump Family-Linked American Bitcoin to Debut on Nasdaq in September

American Bitcoin, backed by Hut 8 and Trump family members, finalizes merger with Gryphon Digital Mining as it targets a Nasdaq listing under ticker ABTC in September.

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Fact Check
The evidence strongly corroborates the statement. Multiple credible sources (Reuters, WSJ, CNBC, WIRED) confirm that a company named 'American Bitcoin' is linked to the Trump family, specifically Eric and Donald Trump Jr. Numerous articles state the company's plan to list on the Nasdaq. A recent Reuters article (Source 6) explicitly states that American Bitcoin is 'expected to trade on Nasdaq in September,' directly confirming all parts of the statement.
    Reference: 12
Summary

American Bitcoin, a Bitcoin mining company partially owned by Eric Trump and Donald Trump Jr. and majority-owned by Hut 8, is preparing for a Nasdaq debut in September under ticker symbol ABTC. The company is finalizing its merger with Gryphon Digital Mining. Hut 8 holds 80% of American Bitcoin, while the Trump brothers are expected to control 19%. American Bitcoin has also purchased 215 Bitcoin, worth around $24 million at current prices, and aims to become one of the largest U.S. Bitcoin miners. Notable investors include the Winklevoss twins, who contributed Bitcoin instead of cash. Hut 8 raised $220 million last month to expand its mining operations, including into Dubai.

Terms & Concepts
  • Nasdaq Listing: The process by which a company’s shares become available for trading on the Nasdaq stock exchange.
  • Ticker Symbol: A unique series of letters assigned to a security or stock for trading purposes on an exchange.
  • RGB Protocol: A smart contract system for Bitcoin that allows issuance of digital assets, such as stablecoins, directly on the Bitcoin network.