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Trump Family-Founded American Bitcoin Lists on Nasdaq

Trump Family-Founded American Bitcoin Lists on Nasdaq

American Bitcoin ($ABTC), backed by the Trump family and Hut 8, debuted on Nasdaq after merging with Gryphon Digital Mining and announcing a potential $2.1 billion capital raise.

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Fact Check
Multiple credible news sources, including Yahoo Finance, the Post-Gazette, and The Block, directly state that 'American Bitcoin,' a crypto mining company backed or co-founded by Eric Trump and Donald Trump Jr., has listed on the Nasdaq. The evidence is well-corroborated across several outlets, confirming the company's name, its link to the Trump family, and its public listing on the Nasdaq exchange.
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Summary

On September 16, 2025, American Bitcoin ($ABTC), a Trump family-backed Bitcoin mining company, rang the Nasdaq opening bell to mark its official listing. The company had earlier filed on September 3 to raise up to $2.1 billion through a market offering. Following its merger with Gryphon Digital Mining, the combined entity retained the American Bitcoin name and began trading on Nasdaq under the ticker ABTC. Donald Trump Jr., Eric Trump, and Hut 8 collectively own 98% of the newly formed entity. This marks a significant milestone in the company's efforts to expand its presence in the digital asset mining industry.

Terms & Concepts
  • Nasdaq: A major U.S. stock exchange known for listing technology and growth-oriented companies, including some cryptocurrency-related firms.
  • American Bitcoin ($ABTC): A publicly traded Bitcoin mining entity backed by the Trump family and Hut 8, listed on Nasdaq after merging with Gryphon Digital Mining.
  • Market Offering: A method by which a publicly traded company raises capital by issuing new shares for sale to investors.