American Bitcoin is preparing for a public listing on Nasdaq through a merger with Gryphon Digital Mining, possibly by September 2025.
Plans for Nasdaq Listing
American Bitcoin is set to go public on Nasdaq in September 2025. This move is made possible through a merger with Gryphon Digital Mining, according to Hut 8 CEO Asher Genuth. He noted that merging allows the company to access capital markets more quickly.
Company with High-Profile Partners
The company was founded in March 2025 as a joint venture between Bitcoin miner Hut 8 and Eric Trump and Donald Trump Jr., the sons of U.S. President Donald Trump. Under the agreement, the company will retain the name American Bitcoin and trade under the ticker symbol ABTC. Control of the venture will remain concentrated: Hut 8, Eric Trump, and Donald Trump Jr. will collectively hold 98% of the company's shares.
Aiming to Dominate Bitcoin Mining
American Bitcoin first announced plans to merge with Gryphon in May. The company has since declared its intention to become the 'world's largest and most efficient pure Bitcoin miner.' Its strategy includes both mining Bitcoin and purchasing it on the market, depending on profitability. Genuth noted, 'We don’t stick to just one playbook. Sometimes it’s more profitable to mine, sometimes to buy — we adapt to whatever gives the strongest returns.'
With heavyweight investors, political family connections, and the aim to become the largest Bitcoin miner, American Bitcoin's Nasdaq debut promises to be one of the most closely watched crypto stories of 2025.
