Trump Sons' American Bitcoin Mining Firm Set for Nasdaq Debut in September

American Bitcoin, backed by Eric and Donald Trump Jr., is set to go public in September via a merger with Gryphon Digital Mining, trading under ticker ABTC.

ABTC

Summary

American Bitcoin, co-owned by Eric and Donald Trump Jr., is preparing to debut on the Nasdaq in September 2025 through a merger with Gryphon Digital Mining. The new company, holding a majority stake by Hut 8, will trade under the ticker ABTC. American Bitcoin aims to become one of the largest Bitcoin-centric firms globally, with a strong focus on mining and acquiring Bitcoin. The company has already secured $200 million in funding and will operate alongside a growing institutional push for Bitcoin investments.

Terms & Concepts
  • Bitcoin Mining: The process of validating Bitcoin transactions and adding them to the blockchain while earning new bitcoins as rewards.
  • All-Stock Merger: A corporate transaction where one company acquires another using only shares of stock rather than cash.
  • Nasdaq Listing: The process of a company's shares being traded on the Nasdaq stock exchange, providing public market access.