American Bitcoin, the Trump-backed mining and treasury company, has officially begun trading today on the Nasdaq under the ticker ABTC. The listing follows its merger with Gryphon Digital Mining, which was finalized last week, and positions the firm as a rising player in the Bitcoin treasury space.
American Bitcoin Makes Nasdaq Debut After Gryphon Merger
According to a report by The Wall Street Journal, the listing gives American Bitcoin’s founders, Donald Trump Jr. and Eric Trump, a dominant stake in the firm. Alongside Bitcoin miner Hut 8 and other shareholders, they now control about 98% of the company. Gryphon investors, who previously held the stock ticker GRYP, own the remaining 2%.
The path to the listing began in March when the Trump brothers merged with Hut 8. Hut 8 transferred its mining division in exchange for an 80% ownership stake in the new entity. This restructuring set the stage for the Gryphon merger, which shareholders approved during a special meeting last week.
Earlier in June, American Bitcoin secured $220 million from investors, including the Winklevoss twins, Cameron and Tyler. The cash and Bitcoin-based capital raise enabled the company to expand its mining fleet and increase its BTC holdings. Through this financing, the company fast-tracked its plans to establish a Bitcoin treasury like the one initiated by MicroStrategy.
Strategy to Build the Largest Bitcoin Treasury
American Bitcoin already holds about 2,443 BTC, according to BitcoinTreasuries data. This ranks the firm as the 25th largest public holder of Bitcoin, sitting just above Smerter Web Company and just behind Sequans Communications. The company’s long-term plan is to surpass MicroStrategy, which leads with more than 636,000 BTC.
Eric Trump has been vocal about the firm’s ambitions. Speaking to WSJ, he declared that American Bitcoin has become the “obvious name in crypto.” On social media, he added that he had poured a “tremendous amount of love and work” into building the company over the past year. His comments echo the broader Trump family strategy of establishing a presence across multiple corners of the crypto industry.
ABTC debuts on @Nasdaq today at 9:30 AM EST. pic.twitter.com/dbzpyjaq3C
— American Bitcoin (@AmericanBTC) September 3, 2025
The launch comes shortly after the family’s other venture, World Liberty Financial, made its WLFI token tradeable. That project, together with its USD1 stablecoin, has already generated billions in paper wealth. Meanwhile, Donald Trump Jr. has argued that their family’s deep crypto involvement is partly tied to being debanked in the past, which drove them toward decentralized finance.
The Nasdaq debut strengthens American Bitcoin’s position in the public markets and highlights how high-profile backers are betting on Bitcoin treasuries as a corporate model. If the firm continues its accumulation, its goal of becoming the largest Bitcoin treasury company could reshape the rankings of public BTC holders.
