American Bitcoin, founded in the US and co-owned by Donald Trump's sons Eric Trump and Donald Trump Jr., is preparing to be traded on the Nasdaq stock exchange in September. American Bitcoin, Backed by the Trump Family, Aims to List on Nasdaq in September The company operates in the crypto mining space and is about to complete a stock merger with Gryphon Digital Mining to speed up the process. Asher Genoot, CEO of Hut 8, the largest investor in American Bitcoin, stated that the merger will be completed shortly and that the company will begin trading directly on the stock exchange in early September, without an initial public offering. Following the new formation, the company will trade under the ticker symbol ABTC. The investor base includes prominent figures in the crypto industry. Gemini exchange founders Cameron and Tyler Winklevoss are among the principal investors. It was announced that Eric Trump, Donald Trump Jr., and Hut 8 will collectively own 98% of the company once the merger is completed. Genoot emphasized that opting for a merger rather than a direct initial public offering (IPO) would be more advantageous from a financing perspective. He also stated that the company could invest not only in the US but also internationally, offering investors access to Bitcoin through exchanges. Founded in March 2025, American Bitcoin plans to accumulate Bitcoin through both mining and direct purchase. It will operate by leasing Hut 8's data centers. This move, which comes as the Trump administration is ramping up crypto regulations, has raised allegations of political influence and conflicts of interest. However, Genoot stated that the company is a completely independent commercial enterprise and that Eric Trump is involved in strategic areas. *This is not investment advice. Continue Reading: American Bitcoin, the company owned by US President Donald Trump's sons, is preparing to be traded on the Nasdaq Stock Exchange!
