Trump-Backed BTC Miner American Bitcoin Debuts on Nasdaq
The post Trump-Backed BTC Miner American Bitcoin Debuts on Nasdaq appeared on BitcoinEthereumNews.com. Trump-backed mining company American Bitcoin is set to go public on the Nasdaq today. This follows a merger with Gryphon Digital Mining, which the company completed last week. American Bitcoin To List On The Nasdaq Today According to a WSJ report, the Bitcoin mining and accumulation business, which Donald Trump’s two eldest sons co-founded, will list its shares on the Nasdaq today under the ticker ‘ABTC.’ Eric and Donald Trump Jr., Bitcoin miner Hut 8, and other shareholders will own about 98% of the company. This follows a merger with Gryphon Digital Mining, which the company’s shareholders approved last week during a special meeting. Investors in Gryphon’s stock, ‘GRYP,’ will hold the remaining 2% of the shares in American Bitcoin. The Trump brothers had first formed the company through a merger with Hut 8 back in March earlier this year. Hut 8 had swapped its bitcoin mining division in exchange for an 80% ownership stake. American Bitcoin had, in June, raised $220 million in cash and Bitcoin from investors, including the Winklevoss twins, Cameron and Tyler. The company used the proceeds to acquire more BTC and mining equipment. Plans To Become The Greatest BTC Treasury Company Commenting on this development, Eric Trump told WSJ that they have become the “obvious name in crypto.” He added that his company will be the greatest treasury company. Meanwhile, in an X post, he remarked that he had put a “tremendous amount of love and work” into the company over the past 12 months. I have put a tremendous amount of love and energy into @AmericanBTC over the past 12 months. It is a huge honor to be listed on the @Nasdaq and begin trading today! #ABTC https://t.co/w1EPqdnyLh — Eric Trump (@EricTrump) September 3, 2025 Notably, American Bitcoin currently holds almost 2,443 BTC on…
The post Trump-Backed BTC Miner American Bitcoin Debuts on Nasdaq appeared on BitcoinEthereumNews.com.
Trump-backed mining company American Bitcoin is set to go public on the Nasdaq today. This follows a merger with Gryphon Digital Mining, which the company completed last week. American Bitcoin To List On The Nasdaq Today According to a WSJ report, the Bitcoin mining and accumulation business, which Donald Trump’s two eldest sons co-founded, will list its shares on the Nasdaq today under the ticker ‘ABTC.’ Eric and Donald Trump Jr., Bitcoin miner Hut 8, and other shareholders will own about 98% of the company. This follows a merger with Gryphon Digital Mining, which the company’s shareholders approved last week during a special meeting. Investors in Gryphon’s stock, ‘GRYP,’ will hold the remaining 2% of the shares in American Bitcoin. The Trump brothers had first formed the company through a merger with Hut 8 back in March earlier this year. Hut 8 had swapped its bitcoin mining division in exchange for an 80% ownership stake. American Bitcoin had, in June, raised $220 million in cash and Bitcoin from investors, including the Winklevoss twins, Cameron and Tyler. The company used the proceeds to acquire more BTC and mining equipment. Plans To Become The Greatest BTC Treasury Company Commenting on this development, Eric Trump told WSJ that they have become the “obvious name in crypto.” He added that his company will be the greatest treasury company. Meanwhile, in an X post, he remarked that he had put a “tremendous amount of love and work” into the company over the past 12 months. I have put a tremendous amount of love and energy into @AmericanBTC over the past 12 months. It is a huge honor to be listed on the @Nasdaq and begin trading today! #ABTC https://t.co/w1EPqdnyLh — Eric Trump (@EricTrump) September 3, 2025 Notably, American Bitcoin currently holds almost 2,443 BTC on…
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