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American Bitcoin 'set for listing'
Bangkok Post
|August 30, 2025
Company run by Trump's sons could take stakes in companies outside the US
American Bitcoin, the bitcoin miner backed by two of US President Donald Trump's sons, has locked in crypto and traditional investors to back an all-stock merger that will allow the firm to soon start trading on the Nasdaq, the company’s largest investor said.
The unlisted firm's merger with Gryphon Digital Mining is set to be finalised shortly, and the goal is to start trading in early September, according to Asher Genoot, the CEO of Hut 8, which holds 80% of American Bitcoin.
Anchor shareholders in the listing have been finalised, he said, adding crypto exchange Gemini’s co-founders Tyler and Cameron Winklevoss had invested in the new firm.
Gemini did not immediately respond to Reuters’ requests for comment.
American Bitcoin’s co-founder, Eric Trump, his brother Donald Trump Jr and Hut 8, will own a combined 98% of the newly formed entity, which will retain the name American Bitcoin and trade under the stock code ABTC.
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