- American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., plans to go public in Q3 2025.
- The merger with Gryphon Digital Mining will list the company under the ticker symbol “ABTC”.
What happened: Eric Trump’s American Bitcoin to go public with gryphon merger
Eric Trump’s cryptocurrency mining firm, American Bitcoin, has announced its intention to go public through an all-stock merger with Gryphon Digital Mining. The merger is expected to be completed in the third quarter of 2025, with the combined entity set to be listed on Nasdaq under the ticker symbol “ABTC”.
Founded in early 2025 as a joint venture with Hut 8 and American Data Centers, American Bitcoin focuses on large-scale Bitcoin mining and blockchain infrastructure. Following the merger, Eric Trump will maintain his role as Chief Strategy Officer, while existing shareholders, including Trump and his brother Donald Trump Jr., will retain 98% ownership of the newly formed company.
The announcement has sparked significant market activity, with Gryphon’s shares surging over 170% and Hut 8’s shares rising by more than 10%. The merger aligns with President Donald Trump’s pro-crypto agenda, aiming to establish the United States as a global leader in cryptocurrency mining and blockchain technology.
Also read: Bitcoin steadies amid economic and geopolitical strains
Also read: Trump boosts crypto: Bitcoin climbs above $106K
Why it’s important
The decision to take American Bitcoin public through a merger represents a strategic move to capitalise on the booming cryptocurrency market. By listing on Nasdaq, the company aims to attract mainstream investors and boost its presence in the rapidly growing blockchain industry.
Moreover, the Trump family’s involvement in American Bitcoin highlights a growing political interest in digital assets. With cryptocurrency regulation being a focal point of policy discussions, American Bitcoin’s public debut could signal broader acceptance of digital currencies in traditional financial markets. This merger not only strengthens American Bitcoin’s market positioning but also sets the stage for further political influence in the cryptocurrency sector.
