In a high-profile expansion of the family’s crypto footprint, Eric Trump and Donald Trump Jr. are launching a new Bitcoin mining venture—American Bitcoin—that will soon begin trading on Nasdaq under the ticker ABTC. The move elevates the intersection of politics and digital assets, coming amid broader policy shifts favorable to cryptocurrencies.
American Bitcoin emerged in March 2025 through a spin-off from the mining firm Hut 8, which initially provided 80% of the venture’s infrastructure and continues to hold the majority stake. Leveraging a strategic all-stock merger with Gryphon Digital Mining, the company secured a fast-track path to the Nasdaq, bypassing the lengthy IPO process. Hut 8, together with the Trump brothers, will control roughly 98% of the merged entity, underscoring their tight grip on its direction and operations.
At the center of the deal, Gemini co-founders Tyler and Cameron Winklevoss play significant anchor investor roles, lending institutional credibility.
American Bitcoin describes itself as a hybrid entity—both Bitcoin miner and treasury holder. The venture aims to accumulate crypto assets via mining as well as open-market purchases, flexibly adjusting strategies depending on market conditions.
Hut 8 will lease mining capacity to the company, providing infrastructure without the need to build from scratch. Meanwhile, Eric Trump is charting expansion plans in Asia, eyeing crypto acquisitions in markets like Hong Kong and Japan.
The timing of American Bitcoin’s Nasdaq listing comes as President Trump’s administration pushes pro-crypto legislation, transforming the regulatory environment for digital assets. Policies like the GENIUS Act and executive actions supporting national crypto infrastructure have spurred confidence among investors and aligned the venture with broader state-level agendas.
In Hong Kong—where American Bitcoin promoted itself at the Bitcoin Asia conference—Eric Trump expressed the family’s belief in the Bitcoin community and predicted a monumental valuation for BTC, projecting a future worth of $1 million per coin.
News of the merger and upcoming Nasdaq debut ignited strong investor response. Gryphon Digital Mining’s shares soared over 230% in the days following the announcement.
Despite the Trump family’s deep involvement, critics have raised ethics concerns over possible conflicts of interest, given their simultaneous political influence and private crypto ventures like World Liberty Financial and $WLFI tokens.
September 2025 is set to be the company’s launch month on Nasdaq. If successful, American Bitcoin could become one of the most prominent publicly traded Bitcoin mining firms—affording traditional investors regulated exposure to crypto assets.
The company’s long-term growth will depend on mining efficiency, treasury performance, and successful international development—particularly in Asia and potentially Europe. The involvement of institutional backers like Hut 8 and the Winklevoss twins adds weight, though scrutiny over transparency and ethics is likely to persist.
American Bitcoin’s market debut represents more than a financial event—it’s the latest chapter in a saga where political brand, policy, and public markets converge with the volatile crypto world. Its performance will be closely watched—not just by investors, but by political observers and regulators alike.
Whether this hybrid BTC miner becomes a lasting public success or a cautionary tale of politics-meets-crypto remains to be seen. But one thing is clear: American Bitcoin is setting a new precedent—and it’s making headlines before even hitting Wall Street.