The American company American Bitcoin, founded in March 2025, is set to go public on Nasdaq through a merger with Hut 8 and Gryphon Digital Mining.
Ways to Go Public
Instead of a traditional IPO, the company will merge with Gryphon Digital Mining. Asher Genoot, CEO of Hut 8 and a major investor in American Bitcoin, confirmed that the process is nearly complete and trading is expected to begin in early September under the ticker ABTC.
Key Investors and Management Structure
Once the merger closes, Hut 8, Eric Trump, and Donald Trump Jr. are expected to control 98% of the company. Other notable investors include Gemini co-founders Cameron and Tyler Winklevoss, underscoring the project's strong ties to the crypto industry. American Bitcoin aims to build a treasury of BTC through both mining operations and direct purchases, using Hut 8’s data centers as its base of operations.
Political and Market Implications
The timing of the listing has drawn scrutiny, as it comes while the Trump administration is expanding crypto regulation. Critics warn of potential conflicts of interest, although Genoot has stressed the venture operates independently as a commercial enterprise. With its Nasdaq debut, American Bitcoin could emerge as a high-profile way for traditional investors to gain exposure to Bitcoin, blending politics, Wall Street, and digital assets in a way few other listings have before.
American Bitcoin represents an intriguing project that combines cryptocurrency investment with the involvement of political figures, making its Nasdaq debut a noteworthy event.
