Eric Trump's American Bitcoin Set to Debut on NASDAQ

Eric Trump announces American Bitcoin (ABTC) set to debut on NASDAQ, marking a significant milestone for the Trump family-backed Bitcoin mining firm. The move follows a merger with Gryphon Digital Mining and a $23 million acquisition of Bitcoin. The NASDAQ listing is expected to increase American Bitcoin's visibility and investor interest, potentially reshaping financial markets.

Eric Trump, the eldest son of former President Donald Trump, announced that American Bitcoin (ABTC) is set to debut on the NASDAQ, marking a significant milestone for the Trump family-backed Bitcoin mining firm. The move follows a merger with Gryphon Digital Mining and a $23 million acquisition of Bitcoin. The NASDAQ listing is expected to increase American Bitcoin's visibility and investor interest, potentially reshaping financial markets.

American Bitcoin, which was spun off from publicly traded mining firm Hut 8, is expected to be publicly listed on the NASDAQ upon approval of its merger with Gryphon Digital Mining in early September 2025. Eric Trump serves as the company's chief strategy officer and is estimated to hold a stake valued at up to $367 million post-listing [1].

The investment by the Winklevoss twins, co-founders of the Gemini cryptocurrency exchange, underscores the increasing convergence of politics, finance, and digital assets in the U.S. The twins participated in a private placement round for the company, which was described as "oversubscribed" [2]. Their involvement is seen as both a strategic and symbolic gesture, reinforcing their political and financial alignment with the Trump brand.

American Bitcoin says its focus will be on both mining and holding Bitcoin, building a long-term reserve from its own production. The company plans to go public through an all-stock merger with Nasdaq-listed Gryphon Digital Mining Inc., trading under the ticker "ABTC" [3].

The merger with Gryphon Digital Mining aims to give American Bitcoin the scale and capital needed to compete in the Bitcoin mining industry. The company's structure will give it the resources to expand and accumulate Bitcoin directly. The merger is expected to be finalized by early September, pending shareholder approval [3].

The NASDAQ listing is expected to increase American Bitcoin's visibility and attract more investors. The company's strategic focus on mining and holding Bitcoin positions it well to benefit from the growing interest in digital assets. The merger with Gryphon Digital Mining and the Winklevoss twins' investment reflect the strategic value of aligning with politically influential figures in the crypto space.

References:
[1] Winklevoss twins deepen ties to Trump family with Bitcoin mining investment: Report (https://cointelegraph.com/news/winklevoss-invest-trump-family-bitcoin-mining)
[2] Winklevoss Twins Invest In Trump's Mining Firm Ahead Of ... (https://financefeeds.com/winklevoss-twins-invest-in-trumps-mining-firm-ahead-of-nasdaq-debut/)
[3] The Block - Tyler and Cameron Winklevoss, co-founders of the Gemini exchange that is pursuing a public offering, have invested BTC in American Bitcoin Corp., a mining firm co-founded by Donald Trump Jr. and Eric Trump, according to a Bloomberg report.