A Bitcoin mining company backed by the family of United States President Donald Trump announced that it was set to go public this year.
According to Bloomberg, the American Bitcoin Corporation, a newly launched firm majority-owned by crypto company Hut 8 Corp and partially owned by Eric Trump and Donald Trump Jr., will go public via an all-stock merger with Gryphon Digital Mining.
Following the merger, the combined entity will operate under the name American Bitcoin and is expected to list on Nasdaq under the ticker ABTC.
The deal is slated to close by the third quarter of 2025, likely by October.
LEADERSHIP recalls that this is not the first time the Trump’s family is venturing into the cryptocurrency business.
Previous ventures include World Liberty Financial and meme coins like $TRUMP and $MELANIA. With American Bitcoin, the family is now eyeing a large-scale Bitcoin mining and accumulating a strategic Bitcoin reserve.
Launched in March 2025, American Bitcoin positions itself as a “pure-play” mining firm focused exclusively on Bitcoin infrastructure and accumulation.
Once the merger is complete, existing shareholders, including the Trump brothers, will retain 98% ownership in the company.
Eric Trump will continue as Chief Strategic Officer, according to Reuters.
Eric described the company’s vision as building “the most investable Bitcoin accumulation platform in the market,” aiming to become “the world’s largest pure-play Bitcoin mining operation.”
Hut 8 CEO Asher Gennot added that the public listing would unlock access to dedicated growth capital without weighing on Hut 8’s balance sheet, while allowing shareholders to benefit from long-term Bitcoin upside.