Trump Family-Backed American Bitcoin Set to List on Nasdaq Following Gryphon Digital Mining Merger
American Bitcoin, a majority-owned subsidiary of prominent cryptocurrency mining giant Hut 8 Corp (NASDAQ: HUT), has announced a merger with Gryphon Digital Mining, paving the way for a public listing on the Nasdaq.
Under the agreement, Gryphon will acquire American Bitcoin in an all-stock transaction. Following the announcement of the deal, Gryphon shares soared as much as 255% in pre-market trading – a strong positive response from investors.
New Entity – “American Bitcoin” on Nasdaq
Upon completion of the deal, the combined company will continue to operate under the “American Bitcoin” brand and will be listed on the Nasdaq under the new ticker symbol ABTC. The merger is expected to be completed as early as Q3 2025.
Notably, current American Bitcoin shareholders will hold approximately 98% ownership in the new entity, indicating the overwhelming role and influence of the company in the post-merger structure.
Trump Family Joins in Shaping the Future of Crypto
Notably, the leadership team of the new company will include many famous faces from American Bitcoin, including Eric Trump, son of former US President Donald Trump, who plays an important role in the executive board. The board of directors also includes veteran businessmen such as Mike Ho, Asher Genoot, Justin Mateen and Michael Broukhim.
The backing from the Trump family is seen as a big boost for “American Bitcoin” as the brand positions itself as a symbol of the cryptocurrency mining industry in the United States – in a political and financial context that is increasingly moving towards localizing production and technology.
Gryphon: From “Nobody” to the Center of Attention
With this historic handshake, Gryphon Digital Mining – previously little-noticed – suddenly became a “hot” name in the market. The fact that this company became a bridge for American Bitcoin to go public is being evaluated by investors as a smart strategic move in the context of the digital asset market showing signs of strong recovery after a period of stagnation.
The merger between Gryphon and American Bitcoin is not only a financial deal, but also a political and technological message: the US is pushing to localize the cryptocurrency sector, and “American Bitcoin” – under the shadow of the Trump family – could be the driving force for this movement.