American Bitcoin, backed by the Trump family, marked its Nasdaq debut on September 16 after merging with Gryphon Digital Mining and filing a $2.1 billion offering earlier this month.
On September 16, American Bitcoin (ABTC), backed by the Trump family, rang the Nasdaq opening bell to mark its official listing following a merger with Gryphon Digital Mining. The company had filed on September 3 to raise up to $2.1 billion through a market offering. The merged entity retains the American Bitcoin name and trades under the ticker ABTC. Donald Trump Jr., Eric Trump, and Hut 8 collectively hold 98% ownership of the company, highlighting significant family involvement in the newly listed firm.