2 min read
The cryptocurrency sector saw a major shake up as American Bitcoin (ABTC), co-founded by Donald Trump Jr. and Eric Trump, made its debut on the Nasdaq after completing a merger with Gryphon Digital Mining. Within hours of trading, the company’s shares surged 60% to $11, up from $6.90 at the time of the merger.
American Bitcoin has already filed for an at the market equity raise worth up to $2.1 billion, aimed at expanding its mining operations and boosting its bitcoin holdings. The company has accumulated 2,443 BTC as part of its treasury strategy, valued at over $160 million at current market prices.
The business model combines bitcoin mining with a treasury management approach, holding mined coins on its balance sheet, similar to strategies adopted by leading firms like Marathon Digital.
The firm originated in March 2025 through a merger between the Trump brothers’ American Data Centers and Canadian crypto miner Hut 8, which now controls 80% ownership of the newly listed entity.
Key Details of American Bitcoin (ABTC)
| Detail | Information |
| Ticker Symbol | ABTC (Nasdaq) |
| Merger Partners | Gryphon Digital Mining, Hut 8 |
| Ownership | Hut 8 holds 80% stake |
| Share Performance | +60% (from $6.90 to $11) |
| Equity Raise Target | Up to $2.1 Billion |
| Bitcoin Holdings | 2,443 BTC (~$160M) |
| Business Model | Mining + Treasury accumulation |
With its explosive debut, American Bitcoin positions itself as a hybrid crypto firm mining bitcoin while building a strong balance sheet marking one of the most high-profile entries into the U.S. public crypto market in 2025.
