American Bitcoin, a Bitcoin mining company backed by Donald Trump’s sons, is set to make its Nasdaq debut in September. The company is 80% owned by Hut 8 and 20% owned by Donald Trump Jr. and Eric Trump. CEO Asher Genoot confirmed that a pending merger with Gryphon Digital Mining will enable the listing, with shareholders expected to retain about 98% of the combined entity.
Founded in March, American Bitcoin’s strategy focuses on mining and accumulating Bitcoin for its treasury. To support this, it secured $220 million in new funding along with $10 million in contributed Bitcoin. The funds will strengthen infrastructure and reserves ahead of becoming a publicly traded firm.
The move comes just days after Trump Media announced a planned joint venture with Crypto.com, further intertwining Trump-linked enterprises with the crypto industry. The listing underscores how political and financial networks are converging around Bitcoin as it gains momentum in mainstream markets.
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