American Bitcoin, a mining firm co-founded by Eric Trump and Donald Trump Jr., is making ready to start out buying and selling on the Nasdaq in early September following an all-stock merger with Gryphon Digital Mining.
Main shareholders and investor backing
The corporate’s largest investor, Hut 8, which holds an 80% stake, confirmed that anchor shareholders have been finalized.
Notably, Tyler and Cameron Winklevoss, co-founders of the Gemini change, are among the many traders backing the brand new agency.
Following the merger, American Bitcoin—buying and selling underneath the ticker ABTC—will see the Trump brothers and Hut 8 collectively personal 98% of the entity.
Asher Genoot, CEO of Hut 8, defined the rationale for the merger on the Bitcoin Asia convention:
“As a substitute of going public instantly by way of IPO, we thought that there was much more benefits to financing if we had an present firm that already had entry to completely different financing too.”
Enlargement technique and international ambitions
Eric Trump is actively concerned in American Bitcoin’s strategic route, together with its mining operations and website improvement.
The corporate is in search of bitcoin property to accumulate in Hong Kong and Japan, aiming to broaden its international footprint and supply extra traders with entry to publicly listed bitcoin property—even in areas the place shopping for Nasdaq shares is restricted.
Mining and treasury strategy
Launched in March 2025, American Bitcoin plans to develop its bitcoin holdings by means of each mining and direct purchases, adjusting its technique primarily based on market circumstances. Genoot famous:
“As a substitute of only a treasury technique the place firms increase cash to purchase bitcoin or only a mining firm… we ebb and stream between which one is the very best return at completely different occasions.”
Trade context and associated developments
The U.S. has lately accelerated bitcoin-related laws underneath President Donald Trump.
In the meantime, Hut 8 has shifted in direction of vitality infrastructure and will likely be leasing information facilities to American Bitcoin. Individually, Nakamoto Holdings introduced new efforts to help early-stage bitcoin firms in Asia.
For extra on bitcoin mining firms’ holdings, see the general public miner BTC treasuries tracker.