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1h ago

American Bitcoin Targets Early-September Nasdaq Debut After Gryphon Merger

Anchor investors are set ahead of an early-September Nasdaq debut.

Donald Trump Jr. and Eric Trump gesture outside the Nasdaq building after ringing the opening bell to celebrate the closing of ALT5’s $1.5 billion offering and adoption of its $WLFI Treasury Strategy at the Nasdaq Market, in New York City, U.S., August 13, 2025. REUTERS/Eduardo Munoz/File Photo
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Asher Genoot, CEO of Hut 8, which owns 98% of American Bitcoin, along with Eric Trump and Donald Trump Jr., speaks at a bitcoin conference in Hong Kong on August 28.
Trump backed bitcoin miner american bitcoin targets september nasdaq debut

Overview

  • The all-stock combination with Gryphon Digital Mining is expected to finalize shortly, with trading planned under the ticker ABTC in early September.
  • Hut 8, the largest investor with an 80% stake, says it will lease data centers to the venture as it shifts toward energy infrastructure and data-center operations.
  • Post-merger ownership will be highly concentrated, with Eric Trump, Donald Trump Jr., and Hut 8 together holding about 98% of the company.
  • Anchor shareholders for the listing have been finalized, reportedly including Gemini co-founders Tyler and Cameron Winklevoss.
  • The company plans to build a bitcoin treasury through mining and purchases while exploring acquisitions in Hong Kong and Japan, drawing scrutiny over potential conflicts linked to the Trump family’s involvement.