Trump-Backed American Bitcoin Set to Go Public on Nasdaq in 2025
American Bitcoin, backed by Eric Trump, will go public through a merger with Gryphon Digital Mining and trade as “ABTC” on Nasdaq.
Crypto Laddin
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The Trump family is deepening its footprint in crypto. American Bitcoin Corp., supported by Eric Trump, announced a public listing through a merger with Gryphon Digital Mining — a Nasdaq-listed company. Once completed, the combined firm will operate as “American Bitcoin” under the ticker symbol “ABTC.”
“Our vision for American Bitcoin is to build the most investable Bitcoin accumulation platform in the market,” said Eric Trump, co-founder and chief strategy officer of the company.
Gryphon, a U.S.-based miner with interest in AI technologies, will finalize the deal by Q3 2025. American Bitcoin shareholders are expected to own around 98% of the merged entity, with the current leadership continuing to manage the company.
This move reflects the Trump family's increasing involvement in the crypto sector. From memecoin ventures like TRUMP and MELANIA to now large-scale mining, the ambition is clear. American Bitcoin’s parent company Hut 8 Corp. is also positioned to benefit from this merger.
Hut 8 aims to become “the world’s largest and most efficient pure-play Bitcoin miner” while building a major Bitcoin reserve. Meanwhile, Dominari Holdings — where Eric Trump is an advisor — has launched American Data Centers to supply infrastructure for the AI boom.
Despite Trump’s pro-crypto promises, the growing intersection of his political influence and crypto ventures raises questions around ethics, conflicts of interest, and regulatory scrutiny.
