Bitcoin News Today: Trump Ties Power a New Bitcoin Play on Wall Street

American Bitcoin Corp. (Nasdaq: ABTC) made its market debut on September 3, 2025, marking a significant milestone in the integration of Bitcoin into U.S. capital markets. The company, a Bitcoin accumulation platform backed by Eric Trump, Donald Trump Jr., and Hut 8, launched on the Nasdaq through a stock-for-stock merger with Gryphon Digital Mining. The firm is designed to offer institutional-grade exposure to Bitcoin, combining mining operations with strategic accumulation of the cryptocurrency to drive Bitcoin-per-share growth [1].

The company’s dual accumulation strategy integrates self-mining operations and opportunistic purchases, leveraging Hut 8’s infrastructure and next-generation ASIC technology. By mining Bitcoin at a cost lower than market prices, American Bitcoin gains a structural advantage over traditional accumulation vehicles. This model enables the firm to scale its Bitcoin reserves efficiently without the need for large capital outlays for proprietary data centers [1].

American Bitcoin’s founding and structure reflect a strategic alignment with existing Bitcoin infrastructure. Hut 8, which owns 80% of the company, contributed the majority of its mining hardware in exchange for equity, while the Trump siblings and Hut 8 collectively control 98% of the new entity. The company’s management emphasized its focus on Bitcoin and its avoidance of diversification into adjacent sectors such as AI or data center development, a decision aimed at maintaining operational discipline and competitive edge [3].

The listing was facilitated through a reverse merger, a faster alternative to a traditional IPO, allowing American Bitcoin to access public markets swiftly. This decision was influenced by growing institutional interest in Bitcoin and the desire to capitalize on the momentum in the market. The company’s initial capital raise reached $220 million through the private issuance of stock, which will support its accumulation efforts and operational scaling [2].

American Bitcoin’s entry into the public market has raised questions about the role of political influence in financial ventures. Critics have highlighted potential conflicts of interest given the involvement of Trump family members in both political and business spheres, though the company’s leadership has denied any direct political influence on business strategy. Despite these concerns, the firm’s executives emphasized that its operations are independent of government decisions, with Eric Trump playing a strategic advisory role in areas such as mining, infrastructure, and treasury [3].

The company’s future plans include the potential expansion of its asset base to include non-U.S. Bitcoin assets, particularly in Asia, where regulatory and market conditions may offer additional opportunities. American Bitcoin’s CEO, Asher Genoot, noted that the firm is still in its early stages of development and has not yet committed to specific international investments. The firm’s immediate priority, however, is to grow its Bitcoin reserves as quickly as possible, with Matt Prusak, American Bitcoin’s president, stating that “the real work starts now” following the successful Nasdaq listing [4].

Source:

[1] American Bitcoin Debuts on Nasdaq as "ABTC" (https://www.prnewswire.com/news-releases/american-bitcoin-debuts-on-nasdaq-as-abtc-302544577.html)

[2] Trump-backed American Bitcoin mining firm to start trading... (https://fortune.com/crypto/2025/09/03/american-bitcoin-nasdaq-trading-eric-donald-trump-jr-hut-8/)

[3] American Bitcoin, backed by Trump sons, aims to start... (https://www.cnn.com/2025/08/28/business/american-bitcoin-trump-sons)

[4] Trump-backed American Bitcoin debuts on Nasdaq (https://sherwood.news/crypto/trump-backed-american-bitcoin-debuts-on-nasdaq/)