American Bitcoin Nasdaq Debut: Trump Sons-Backed Mining Firm Starts Trading as ABTC in September 2025
Trump Sons' American Bitcoin Merger with Gryphon: ABTC Stock Aims for September Nasdaq Launch
American Bitcoin, a cryptocurrency mining company backed by U.S. President Donald Trump's sons, Eric and Donald Trump Jr., is set to begin trading on the Nasdaq under the ticker symbol ABTC in early September 2025. The company will go public through an all-stock merger with Gryphon Digital Mining, rather than a traditional initial public offering (IPO). Post-merger, the Trump brothers and Hut 8, which owns 80% of American Bitcoin, will collectively control 98% of the new entity .
Eric Trump, who serves as the company's Chief Strategy Officer, is planning a visit to Asia in early September to explore potential crypto asset investments in Hong Kong and Japan. This move aligns with American Bitcoin's strategy to expand its global footprint and offer publicly listed bitcoin assets in regions where investing in U.S. Nasdaq stocks is restricted .
The Trump family's involvement in cryptocurrency has raised ethical concerns and scrutiny. Critics argue that their ventures, such as World Liberty Financial (WLF), have concentrated power and financial benefits within the family, with the Trumps holding a significant share of the company's revenues and profits from token sales . Additionally, some analysts have questioned the sustainability and fairness of such ventures, cautioning that "infinite money" schemes in finance rarely succeed long-term.
Despite these concerns, American Bitcoin's upcoming public listing marks a significant step in the Trump family's expanding influence in the cryptocurrency industry.
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