- American Bitcoin plans a September Nasdaq debut via a merger.
- Hut 8 holds 80% while the Trump brothers and anchor investors join.
American Bitcoin is preparing to begin trading on the Nasdaq in early September through an all-stock merger with Gryphon Digital Mining, positioning the newly combined company for immediate access to public capital markets.
Gryphon merger is set to close as Hut 8 keeps an 80 percent stake and ABTC ticker
The transaction, expected to finalise shortly, will see the miner list under the ticker ABTC. Hut 8, which launched American Bitcoin with Eric Trump and Donald Trump Jr., will retain an 80 percent holding, with the Trump brothers owning the balance of the founding equity.
The trio are slated to control about 98 percent of the post-merger entity at listing. Hut 8’s chief executive, Asher Genoot, said the company chose a merger structure to accelerate financing options rather than pursuing a conventional IPO route.
The structure enables American Bitcoin to leverage Gryphon’s existing market access while preserving the founders’ concentrated ownership. The listing timetable targets the first half of September subject to customary closing conditions.
Anchor investors join as company pursues dual strategy of mining and direct bitcoin purchases
Anchor shareholders for the listing have been secured, including participation from Gemini co-founders Tyler and Cameron Winklevoss.
Management said American Bitcoin intends to build BTC holdings through a flexible treasury approach, alternating between self-mining and market purchases to optimise returns across cycle conditions. The miner will also lease data centres from Hut 8 to scale hashrate without heavy upfront capex commitments.
The company was launched in March 2025 and has outlined plans to evaluate acquisitions of bitcoin-related assets in Asia, with recent outreach in Hong Kong and Japan.
Eric Trump has been involved in strategy discussions tied to site development and treasury policy as the group explores equity-funded expansion and potential cross-border stakes aimed at broadening investor access to listed bitcoin exposure.
The planned Nasdaq debut comes amid a policy environment in the United States that has turned more supportive of digital assets, according to industry participants, with legislative initiatives and agency guidance under review.
While American Bitcoin’s executives have emphasised that the company’s operations are separate from government activities, the miner’s high-profile backers and concentrated control are likely to draw attention from market participants focused on governance, dilution risk and operational execution as the firm transitions to life as a public company.
Post-listing, investors will watch disclosures on energy contracts, all-in power costs, realised hashrate and treasury management to gauge how the miner balances growth against potential volatility in BTC prices and network difficulty.
Early updates on integration milestones with Gryphon and the cadence of data centre leasing from Hut 8 will be key markers for assessing whether the listing unlocks the anticipated scale and financing flexibility.
At the time of press, Bitcoin is trading at $110,996 USD, representing a decline of $1,996 USD (–1.77 %) from the previous close.
