Degen

American Bitcoin, a Trump family affiliate and majority-owned subsidiary of Hut 8, is set to become a public entity through a merger with Gryphon Digital Mining.

The stock-for-stock deal will see American Bitcoin acquire Gryphon’s public listing on the Nasdaq. The company’s shares are expected to trade on Nasdaq under the symbol “ABTC” starting in the third quarter of 2025.

Eric Trump, Donald Trump’s son, who helped start the company, will serve as chief strategy officer. The company aims to create a national bitcoin reserve and mine with a low-cost operating model.

The move comes amid heightened political discourse around cryptocurrencies in the United States and as bitcoin prices near all-time highs.