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AnalysisStocks

[Crypto IPO] Trump Family Adds New Player: American Bitcoin Aims for Nasdaq Listing in September

Bitcoin
Gryphon Digital Mining Inc
Hut 8 Corp
TradingKey
AuthorBlock Tao
Aug 28, 2025 8:36 AM

TradingKey – American Bitcoin is set to make its debut on Nasdaq this September, marking another strategic expansion of the Trump family’s cryptocurrency ventures.

According to Reuters on August 28, American Bitcoin — supported by President Trump’s eldest son Donald Trump Jr. and his brother Eric Trump — is targeting a Nasdaq listing under the ticker symbol ABTC.

Founded in late March 2025 as a joint venture between Hut 8 Mining (HUT) and the Trump brothers, American Bitcoin signed a definitive merger agreement with Gryphon Digital Mining (GRYP) in May to take the combined entity public. On July 31, Gryphon filed a proxy statement with the U.S. Securities and Exchange Commission (SEC) in preparation for the listing.

Just weeks after launching, American Bitcoin acquired all of Hut 8 Mining’s ASIC rigs. In early August, it invested over $300 million to purchase 16,000 Antminer U3S21EXPH units in mainland China, bringing its total hash rate to 14.02 EH/s. The company has also amassed more than 200 BTC on its balance sheet.

As of press time, the Trump family’s crypto holdings span a diverse portfolio, including public-company equity (Trump Media & Technology Group), NFT collections (Trump Digital Trading Card; Trump Digital Trading Cards MugShot Edition; America First), MEME tokens (TRUMP; MELANIA), a DeFi token (WLFI), and a stablecoin (USD1), among other digital assets.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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