American Bitcoin’s Nasdaq Launch: Trump Family’s Crypto Empire Expands

The cryptocurrency market is buzzing with excitement as American Bitcoin, a company backed by Donald Trump’s sons, Eric and Donald Trump Jr., officially began trading on the Nasdaq stock exchange on September 3, 2025. This milestone marks a significant moment for both the Trump family’s growing crypto empire and the broader digital asset industry in the United States.

Trading under the ticker ABTC, American Bitcoin’s debut follows a strategic all-stock merger with Gryphon Digital Mining, a move that has positioned the company as a major player in the Bitcoin mining and treasury sector. With a valuation reportedly reaching $5 billion on its first day, American Bitcoin is poised to reshape how investors engage with cryptocurrency through regulated markets.

American Bitcoin was launched in March 2025 as a subsidiary of Hut 8, a leading Bitcoin mining firm that holds an 80% stake in the company. Eric Trump, serving as co-founder and chief strategy officer, has been instrumental in shaping the company’s vision to become “the world’s largest, most efficient pure-play Bitcoin miner.” Alongside Donald Trump Jr., the Trump brothers, together with Hut 8, own a commanding 98% of the newly formed entity.

The company’s strategy involves both self-mining operations and opportunistic Bitcoin purchases, aiming to capitalize on the cryptocurrency’s near-record-high prices. This approach sets American Bitcoin apart in a competitive field, offering investors a unique opportunity to gain exposure to Bitcoin through a publicly traded company.

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The Nasdaq listing is a historic step, as Eric Trump noted in a statement: “Our Nasdaq debut marks a historic milestone in bringing Bitcoin into the core of U.S. capital markets.” The merger with Gryphon Digital Mining, finalized shortly before the trading launch, attracted significant backing from both crypto and traditional investors, including Gemini co-founders Tyler and Cameron Winklevoss.

This strong investor support underscores the growing mainstream acceptance of Bitcoin as a corporate treasury asset, a trend gaining momentum as public companies increasingly adopt cryptocurrency strategies. American Bitcoin’s stock surged 16.5% to close at $8.04 on its first day, with intraday peaks above $14, reflecting robust market enthusiasm.

The Trump family’s pivot from real estate to cryptocurrency has been notable, with American Bitcoin being one of several high-profile ventures. Other projects include World Liberty Financial, which launched public trading of its tokens earlier in the week, and a controversial $TRUMP meme coin offering exclusive perks to top holders. These initiatives have propelled the Trump family’s crypto holdings to an estimated value of several billion dollars, though critics, particularly Democrats, have raised concerns about potential conflicts of interest.

They argue that President Donald Trump’s push for pro-crypto legislation, including the establishment of a Strategic Bitcoin Reserve via an Executive Order in March 2025, could unduly benefit his family’s ventures. The White House and American Bitcoin’s leadership, including Hut 8 CEO Asher Genoot, have dismissed these allegations, emphasizing that the company operates independently of government influence.

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American Bitcoin’s business model is designed for flexibility, allowing it to “ebb and flow” between mining and purchasing Bitcoin based on market conditions. Hut 8 provides infrastructure support, leasing data centers to the company, which currently operates 665 megawatts of capacity. Additionally, American Bitcoin is exploring international opportunities to provide access to Bitcoin assets for investors restricted from Nasdaq-listed stocks, further broadening its global reach.

This strategic approach, combined with the Trump brand’s visibility, positions American Bitcoin as a formidable contender in the crypto market.

As the U.S. accelerates crypto-friendly policies under President Trump’s administration, American Bitcoin’s Nasdaq debut signals a new era for regulated cryptocurrency investments. The company’s performance will be closely watched by investors and industry observers, particularly as it navigates the volatile crypto landscape and addresses ethical concerns tied to the Trump family’s involvement. For now, American Bitcoin represents a bold bet on the future of digital assets, leveraging the Trump name to drive institutional and retail interest.