- American Bitcoin targets an early September Nasdaq debut via an all-stock merger with Gryphon Digital Mining.
- Eric Trump, Donald Trump Jr., and Hut 8 will jointly hold about 98 percent of the new entity trading as ABTC.
All-stock merger with Gryphon targets early September Nasdaq start
American Bitcoin plans to begin trading on Nasdaq in early September after agreeing an all-stock merger with Gryphon Digital Mining, creating a combined bitcoin mining and accumulation vehicle that will list under the ticker ABTC.
The move follows the finalisation of anchor shareholders, according to statements from Hut 8, American Bitcoin’s largest investor.
The new entity will retain the American Bitcoin name and is expected to complete closing steps shortly. Hut 8 chief executive Asher Genoot said the structure offers financing flexibility by combining an operating miner with access to capital markets.
The listing window targets the first half of September, subject to customary approvals and the mechanical completion of the merger.
A Gryphon investor update indicated the transaction is targeted to close in early September with the combined company trading under ABTC. Gryphon Digital Mining will be rolled into the vehicle in an equity-only transaction.
The arrangement positions the company to pursue a dual track of acquiring bitcoin on balance sheet and expanding self-mining capacity, with deployment decisions calibrated to relative returns from mining versus spot purchases at any given time. The company has said it will toggle between these approaches as market conditions shift.
Eric Trump, Donald Trump Jr., and Hut 8 to control 98% of ABTC
Ownership will be concentrated. Eric Trump, Donald Trump Jr., and Hut 8 will collectively control about 98 percent of the post-merger company, which will trade as ABTC. Hut 8 currently holds around 80 percent of American Bitcoin and plans to lease data centre capacity to the new entity as it scales.
Eric Trump is a co-founder of American Bitcoin and is focused on strategy, including site development and treasury policy.
American Bitcoin, backed by Trump’s two sons, will go public via an all-stock merger with Gryphon Digital Mining, aiming to start trading on Nasdaq in early September. Eric Trump, Donald Trump Jr., and Hut 8 will jointly hold 98% of the new entity, trading under the ticker ABTC.…
— Wu Blockchain (@WuBlockchain) August 28, 2025
The company was launched in March 2025 by Hut 8 together with Eric Trump and Donald Trump Jr. The effort coincides with a period of heightened policymaking activity around digital assets in the United States.
Executives have said the business is independent of government and that the listing is designed to broaden investor access to a pure-play bitcoin vehicle.
Investors drawn to the float include both crypto-native and traditional finance participants. Hut 8 has said that anchor backers have been secured, and industry figures such as Tyler and Cameron Winklevoss have taken stakes in the new company.
The listing will come amid a capital formation calendar in the sector and at a time when miners face tighter margins following the latest bitcoin halving.
Operationally, the company plans to source infrastructure capacity from Hut 8 while evaluating acquisitions in Asia. Management has flagged interest in assets in Hong Kong and Japan that could support a geographically diversified footprint.
The strategic goal is to grow hashrate while maintaining the option to add bitcoin to treasury during periods when mining economics are less favourable than direct purchases.
At the time of writing, Bitcoin is trading at exactly $112,984.00, reflecting a gain of $1,901.00 (+1.71 %) compared to the previous close.
