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

TradingKey

Aug 28

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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On July 31, Gryphon filed a proxy statement with the U.S. Securities and Exchange Commission (SEC) in preparation for the listing.</span></p><p dir=\"ltr\"><span>Just weeks after launching, American Bitcoin acquired all of Hut 8 Mining’s ASIC rigs. In early August, it invested over </span><b><strong>$300 million</strong></b><span> to purchase </span><b><strong>16,000 Antminer U3S21EXPH</strong></b><span> units in mainland China, bringing its total hash rate to </span><b><strong>14.02 EH/s</strong></b><span>. The company has also amassed more than </span><b><strong>200 </strong></b><span>BTC</span><span> on its balance sheet.</span></p><p dir=\"ltr\"><span>As of press time, the Trump family’s crypto holdings span a diverse portfolio, including public-company equity (<a href=\"https://laohu8.com/S/DJT\">Trump Media</a> &amp; 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.</span></p><p>Find out more</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>[Crypto IPO] Trump Family Adds New Player: American Bitcoin Aims for Nasdaq Listing in September</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[Crypto IPO] Trump Family Adds New Player: American Bitcoin Aims for Nasdaq Listing in September\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1041236214\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TradingKey </p>\n<p class=\"h-time\">2025-08-28 16:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p dir=\"ltr\"><span>TradingKey – American Bitcoin is set to make its debut on Nasdaq this September, marking another strategic expansion of the Trump family’s cryptocurrency ventures.</span></p><p dir=\"ltr\"><span>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 </span><b><strong>ABTC</strong></b><span>.</span></p><p dir=\"ltr\"><span>Founded in late March 2025 as a joint venture between <a href=\"https://laohu8.com/S/HUT\">Hut 8</a> Mining (HUT) and the Trump brothers, American Bitcoin signed a definitive merger agreement with <a href=\"https://laohu8.com/S/GRYP\">Gryphon Digital Mining</a> (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.</span></p><p dir=\"ltr\"><span>Just weeks after launching, American Bitcoin acquired all of Hut 8 Mining’s ASIC rigs. In early August, it invested over </span><b><strong>$300 million</strong></b><span> to purchase </span><b><strong>16,000 Antminer U3S21EXPH</strong></b><span> units in mainland China, bringing its total hash rate to </span><b><strong>14.02 EH/s</strong></b><span>. The company has also amassed more than </span><b><strong>200 </strong></b><span>BTC</span><span> on its balance sheet.</span></p><p dir=\"ltr\"><span>As of press time, the Trump family’s crypto holdings span a diverse portfolio, including public-company equity (<a href=\"https://laohu8.com/S/DJT\">Trump Media</a> &amp; 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.</span></p><p>Find out more</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.tradingkey.com/analysis/stocks/us-stocks/251049402-crypto-ipo-trump-american-bitcoin-nasdaq-tradingkey","article_id":"2562504081","we_media_id":"1041236214","thumbnails":["https://resource.tradingkey.com/uploads/20241120/6a3782b50b064f6d950dc606f03aa6d8trump9.jpg_optimized_150.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2562504081","pubTimestamp":1756370193,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"TradingKey","introduction":"Your One-Stop Financial Markets Platform","home_visible":1,"id":"1041236214","head_image":"https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb"},"summary":"American Bitcoin is set to make its debut on Nasdaq this September, marking another strategic expansion of the Trump family’s cryptocurrency ventures.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"【加密货币IPO】Trump家族再添新丁：美国比特币瞄准9月纳斯达克上市","themeId":"9afdef2784577f1a3c205b5087272071","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,".IXIC":1,"03008":1,"03042":1,"03439":1,"09008":1,"09042":1,"09439":1,"ABTC":1,"AFG":1,"MBTmain":1,"MNQmain":0.6,"NQmain":1,"GRYP":1,"HUT":1,"NDAQ":1,"NVIW.SI":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SEC.AU":1,"SQQQ":0.6,"TQQQ":0.6,"TSYW.SI":0.6,"USAW.SI":0.6,"USJW.SI":0.6},"content_text":"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.Find out more","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}