American Bitcoin, a crypto mining venture backed by Donald Trump’s sons, Eric and Donald Jr., is set to list on the Nasdaq stock exchange in September. The company will merge with Gryphon Digital Mining to expedite the process. Following the merger, American Bitcoin will trade under the ticker symbol ABTC. 98% ownership of the company will be held by Eric Trump, Donald Trump Jr., and Hut 8 following completion of the transaction. CEO Asher Genoot says opting for a stock merger instead of an IPO is more beneficial for finance. He also noted the company’s plan to invest in Bitcoin globally and offer access to the asset through various exchanges. Founded in March 2025, American Bitcoin will leverage Hut 8’s data centers to accumulate Bitcoin. This move comes as the Trump administration pushes for crypto regulation. The potential political influence of the venture has sparked debate. However, Genoot stresses that it is a purely commercial entity with Eric Trump involved in strategic areas only.