Trump-linked American Bitcoin Corp. to debut on Nasdaq in 2025 through Gryphon merger

The Trump-affiliated American Bitcoin Corp. is advancing towards its Nasdaq debut through a merger with Gryphon Digital Mining. This strategic move is part of the company's broader plan to expand its Bitcoin mining operations and accumulate treasury assets. The combined entity is anticipated to commence trading on the Nasdaq under the ticker symbol "ABTC," with the transaction slated to conclude as early as the third quarter of 2025. This development comes as the Trump family's involvement in the cryptocurrency sector continues to grow, with American Bitcoin having already raised $220 million through the sale of over 11 million new shares. The funds are earmarked for Bitcoin mining expansion and treasury accumulation, further solidifying the company's position in the digital asset landscape.

The merger with Gryphon Digital Mining is a pivotal step for American Bitcoin, as it aims to leverage the synergies between the two entities to enhance operational efficiency and market presence. Hut 8, a significant player in the mining equipment sector, has contributed to this venture by providing mining equipment in exchange for an 80% stake. This collaboration underscores the strategic importance of the merger and the potential it holds for both companies.

The Trump family's foray into the cryptocurrency sector has garnered significant attention, not only for its financial implications but also for its potential regulatory impact. U.S. politicians have indicated plans to introduce digital asset legislation, which could have far-reaching consequences for the industry. The growing interest and investment in cryptocurrencies by high-profile figures like the Trump family highlight the sector's increasing mainstream acceptance and potential for future growth.

The Nasdaq debut of American Bitcoin Corp. is expected to be a significant milestone for the company and the broader cryptocurrency market. The listing on a major exchange like Nasdaq will provide greater visibility and liquidity, potentially attracting more investors and further legitimizing the digital asset space. The transaction, if completed as planned, will mark a major achievement for the Trump family's Bitcoin venture and set a precedent for other cryptocurrency-related companies seeking to go public.

Backed in part by Eric Trump and Donald Trump Jr., American Bitcoin was launched earlier this year as a subsidiary of infrastructure and energy firm Hut 8. The company aims to consolidate and scale Bitcoin mining operations by leveraging an asset-light model and strategic infrastructure partnerships. CEO Matt Prusak, who previously worked in health tech, is leading the effort, with Eric Trump taking on the role of Chief Strategy Officer. Prusak has described the merger as a strategic play to dominate the fragmented landscape of public Bitcoin miners. Rather than build out costly infrastructure, American Bitcoin is focusing on accumulating BTC while outsourcing operations to Hut 8, allowing it to remain agile and capital-efficient.

For Gryphon Digital Mining, the merger provides an opportunity to boost its scale and access public markets. The firm brings nearly 900 petahash per second in self-mining power and a commitment to green energy, including a recently acquired natural gas site in Canada. With this merger, Gryphon aims to deepen its presence in the Bitcoin ecosystem, even as post-halving economics challenge smaller miners. The crypto mining sector has seen a wave of consolidation since the latest Bitcoin halving event, and this deal reflects that trend. As margins tighten, companies are seeking scale and capital access—both of which a public listing can offer. With regulatory filings now underway, all eyes are on whether the Trump-linked venture can ride this momentum to become one of the sector’s heavyweight players.