American Bitcoin (ABTC) is preparing to launch on the Nasdaq following a merger with Gryphon Digital Mining. Trading will begin in September 2025.
Merger with Gryphon Digital Mining
The merger between the Trump family firm and Gryphon Digital Mining is set to close soon. Trading will commence early September, confirmed Hut 8 CEO Asher Genoot. American Bitcoin will operate under the name American Bitcoin and trade under the ticker ABTC, with major stakeholders finalized including Gemini co-founders Tyler and Cameron Winklevoss.
Accumulation Plan for BTC
Genoot stated the company would accumulate its BTC through both buying and mining. Thus, the firm will not act purely as a typical BTC treasury company or just a mining firm, adapting based on better options available.
Criticism and Company Strategy
The Trump family is closely tied to crypto developments, which raises criticism and concerns over potential conflicts of interest. Genoot noted, however, that American Bitcoin operates independently of government influence, with Eric Trump’s role focused on strategic management.
American Bitcoin aims for significant strides in the crypto industry, with a global expansion strategy and a focus on Bitcoin accumulation amidst ongoing criticism.
