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[Crypto IPO] Trump Family Adds New Player: American Bitcoin Aims for Nasdaq Listing in September

Source Tradingkey

TradingKey – American Bitcoin is set to make its debut on Nasdaq this September, marking another strategic expansion of the Trump family’s cryptocurrency ventures.

According to Reuters on August 28, American Bitcoin — supported by President Trump’s eldest son Donald Trump Jr. and his brother Eric Trump — is targeting a Nasdaq listing under the ticker symbol ABTC.

Founded in late March 2025 as a joint venture between Hut 8 Mining (HUT) and the Trump brothers, American Bitcoin signed a definitive merger agreement with Gryphon Digital Mining (GRYP) in May to take the combined entity public. On July 31, Gryphon filed a proxy statement with the U.S. Securities and Exchange Commission (SEC) in preparation for the listing.

Just weeks after launching, American Bitcoin acquired all of Hut 8 Mining’s ASIC rigs. In early August, it invested over $300 million to purchase 16,000 Antminer U3S21EXPH units in mainland China, bringing its total hash rate to 14.02 EH/s. The company has also amassed more than 200 BTC on its balance sheet.

As of press time, the Trump family’s crypto holdings span a diverse portfolio, including public-company equity (Trump Media & Technology Group), NFT collections (Trump Digital Trading Card; Trump Digital Trading Cards MugShot Edition; America First), MEME tokens (TRUMP; MELANIA), a DeFi token (WLFI), and a stablecoin (USD1), among other digital assets.

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