American Bitcoin, ondersteund door Trump Sons, richt zich op Nasdaq -debuut in september

Thu, Aug 28, 2025, 4:55 PM 2 min read

This article first appeared on GuruFocus.

A new crypto mining heavyweight is about to hit the public markets and it has some very familiar names behind it.

American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., is gearing up to start trading on the Nasdaq under the ticker ABTC as early as September. The launch comes via an all-stock merger with Gryphon Digital Mining and is backed by a mix of crypto veterans and traditional investors.

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Among the supporters? The Winklevoss twins founders of crypto exchange Gemini and Canadian firm Hut 8, which owns 80% of American Bitcoin and has played a central role in getting it off the ground.

Instead of going public the old-fashioned way through an IPO, the company chose a merger route, giving it faster access to financing and an existing market footprint. The final deal is expected to close in the next few days, according to Hut 8 CEO Asher Genoot.

Eric Trump, who's been actively involved in the project's strategy, is currently in Hong Kong and heading to Tokyo this weekend for a bitcoin event hosted by Japanese treasury firm Metaplanet.

The bigger vision? Build a global business. Genoot said American Bitcoin is eyeing crypto assets and potential stakes in companies across Asia especially in Hong Kong and Japan to give investors international exposure to publicly listed bitcoin holdings.

So what makes this venture different? Genoot says the firm plans to both mine bitcoin and accumulate it, adjusting between the two based on where the best returns are. It's not just a miner. It's not just a treasury. It's a hybrid play.

Launched in March 2025, the company has pitched itself as the world's largest, most efficient pure-play bitcoin miner. The move comes as crypto legislation in the U.S. picks up steam under President Donald Trump which has sparked some criticism over potential conflicts of interest.

Genoot, however, dismissed those concerns, saying Eric Trump's involvement is squarely focused on corporate strategy and operations, not government ties. American Bitcoin, he added, will lease infrastructure from Hut 8 and operate independently of any political influence.

Meanwhile, others at the Bitcoin Asia conference are watching closely. Nakamoto Holdings, another bitcoin treasury firm led by crypto advocate David Bailey, said it's planning its own investments across Asia, aiming to incubate early-stage crypto projects.