American Bitcoin has finalized backing from both crypto and traditional investors to proceed with its all-stock merger with Gryphon Digital Mining, paving the way for a Nasdaq debut under the ticker ABTC in early September 2025.
The newly formed entity will be majority-controlled—98% combined—by co-founder Eric Trump, Donald Trump Jr., and Canadian crypto-miner-turned-data-infrastructure firm Hut 8. The Gemini co-founders are also confirmed as investors.
American Bitcoin aims to expand beyond U.S. borders, offering global investors access to publicly listed bitcoin assets while growing its holdings through both mining and acquisitions. Hut 8 will additionally lease its data centers to support the venture.
The merger, first announced in May 2025, underscores a significant moment for crypto adoption amid regulatory momentum in the U.S. under President Donald Trump.
