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2025-08-28 07:32:43

Trump Family-Linked Crypto Miner American Bitcoin Eyes September Trading Debut: Report

American Bitcoin, the Bitcoin mining company backed by US President Donald Trump’s two sons, is preparing to begin trading on the Nasdaq in early September after finalizing a merger with Gryphon Digital Mining. The company has secured both crypto-focused and traditional institutional investors for the all-stock deal, Asher Genoot, CEO of Hut 8, which owns 80% cent of American Bitcoin, told Reuters in an interview. Anchor shareholders have already been lined up to support the debut. Once the merger is completed, American Bitcoin will retain its name and trade under the ticker ABTC. JUST IN: Eric Trump and Donald Trump Jr. backed American Bitcoin to start soon trading on the Nasdaq – Reuters #Bitcoin is taking over Wall Street pic.twitter.com/GDrLqvjM3q — Bitcoin Magazine (@BitcoinMagazine) August 28, 2025 Trump Brothers and Hut 8 Retain Near-Total Control of American Bitcoin After Merger Co-founders Eric Trump and Donald Trump Jr, together with Hut 8, will hold a combined 98% of the entity. Genoot told Reuters that the team opted for a merger rather than a direct listing. He said the route gave the company better access to financing by leveraging an existing business already connected to capital markets. American Bitcoin has been exploring acquisitions in Hong Kong and Japan to expand its footprint, the Financial Times reported earlier this month. Genoot confirmed that the company is actively assessing opportunities in Asia, with the aim of giving investors broader access to bitcoin-linked assets beyond the US. He said that while discussions are under way, no firm commitments have been made. The focus, he added, is to create options for investors who cannot directly buy Nasdaq-listed crypto stocks due to local restrictions. American Bitcoin Born From Hut 8’s Strategic Shift Into Infrastructure Founded earlier this year, American Bitcoin emerged from Hut 8’s pivot away from pure crypto mining into energy infrastructure and data centres. The new venture, created in partnership with the Trump brothers, is now positioning itself as a global bitcoin miner with ambitions to expand through acquisitions and partnerships. The strategy has been described as mirroring the approach of large US-listed bitcoin firms that use equity financing and mergers to accelerate growth. Genoot said the goal is to build a vehicle that can appeal to both institutional investors and retail traders looking for exposure to bitcoin through regulated exchanges. The post Trump Family-Linked Crypto Miner American Bitcoin Eyes September Trading Debut: Report appeared first on Cryptonews .

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