Trump’s sons launch Nasdaq-Listed ‘American Bitcoin’ – A new public crypto powerhouse?

Forget pie-in-the-sky, this one’s high-stakes. “American Bitcoin” (ABTC) is moving to the public markets, not via a traditional IPO but through a go-public merger with Nasdaq-listed Gryphon Digital Mining, with trading targeted for early ￰0￱ Eric Trump and Donald Trump ￰1￱ the spotlight and heavyweight backing from Hut 8, crypto markets just got a political spark ￰2￱ with all eyes on the American Bitcoin SPAC launch , traders are speculating whether this political-meets-crypto debut could be the most-watched Nasdaq listing of the year. “Quick note: while some outlets have casually called this a “ SPAC ,” the deal on file is an all-stock merger with an already-listed company (Gryphon), not a blank-check ￰3￱ still creates an IPO-like on-ramp to Nasdaq for American Bitcoin under the ticker ABTC .” New #SEC S-3 Registration: American Bitcoin Corp.

(ABTC) registers as a new security with SEC with support from Eric #Trump and Donald #Trump Jr. @EricTrump @DonaldJTrumpJr Note: Great Name – $ABTC – American Bitcoin ￰4￱ Bitcoin Corp. (ABTC) is a #Bitcoin mining… ￰5￱ — MartyParty (@martypartymusic) August 6, 2025 What is American Bitcoin (ABTC)? American Bitcoin pitches itself as a Bitcoin accumulation and infrastructure platform – a miner and holder rolled into one designed to give public-equity investors a direct, regulated way to gain exposure to BTC via the stock ￰6￱ pathway: Gryphon Digital Mining will acquire American Bitcoin in a stock-for-stock merger; after closing, the combined company will keep the “American Bitcoin” name, with the ABTC Nasdaq listing set to create a regulated new channel for public investors seeking Bitcoin ￰7￱ materials state that American Bitcoin’s management and board will lead the combined ￰8￱ Bitcoin (ABTC): Next stop NASDAQ! ￰9￱ — Eric Trump (@EricTrump) August 7, 2025 The cap-table dynamics are ￰10￱ filings and company announcements indicate former American Bitcoin shareholders are expected to own ~98% of the combined company, leaving legacy Gryphon holders with roughly 2% – an inversion that underscores how this is effectively American Bitcoin taking the public ￰11￱ also notes that Hut 8 , led by CEO Asher Genoot, is the largest investor, with an 80% stake in American Bitcoin, and that after the merger, the Trump sons and Hut 8 together would control a similar ~98% slice of the new ￰12￱ level of concentration can cut both ￰13￱ the one hand, a committed sponsor base can align incentives, simplify decision-making, and, at least initially, support the ￰14￱ the other, concentrated ownership often means limited free float and potential volatility around unlocks or future capital raises – issues public-market traders watch closely in newly listed crypto-adjacent ￰15￱ at a Glance – Cryptopolitan Style .

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abtc-date text-align: left; . abtc-head flex-direction: column; gap: 12px; ABTC at a Glance Target trading start: Early September 2025 Ticker ABTC Nasdaq Listing route All-stock merger with Gryphon Digital Mining Backing / Control Hut 8 (~80% stake); Trump family & Hut 8 ~98% post-close Business model Bitcoin mining + BTC accumulation (public-equity proxy) The combined company will retain the American Bitcoin name and be led by ABTC’s management and board, offering a regulated stock-market channel for BTC ￰16￱ 31, 2025 American Bitcoin launched via partnership with Hut 8; Hut 8 to hold ~80% economic ￰17￱ 12, 2025 Go-public merger announced with Nasdaq-listed Gryphon Digital Mining ; projected Q3 close and ticker ￰18￱ 6, 2025 Gryphon shareholder process begins; special meeting scheduled for Aug 27, ￰19￱ 27, 2025 Shareholder vote date on the ABTC–Gryphon ￰20￱ Sep 2025 Expected first trading on Nasdaq under ticker ABTC , subject to approvals and closing. *All dates are targeted per public filings and reports; final timing depends on approvals and closing ￰21￱ weight meets crypto utility Why does the political piece matter?

Because brand and attention are forms of capital, especially in crypto. A Trump-backed, Trump-branded mining and accumulation play arrives with instant name recognition, guaranteed media cycles, and a built-in audience spanning supporters, critics, and the merely ￰22￱ attention can translate into higher retail participation and liquidity at launch, but it also invites deeper policy scrutiny, conflicts-of-interest questions, and regulatory attention that few other crypto listings ￰23￱ outlets have already framed the family’s expanding digital-asset footprint as part of a broader, pro-crypto platform from the White House, further intertwining market perception with ￰24￱ that to prior “celebrity coins” and influencer-fronted ￰25￱ fizzled because the branding outran the utility: lots of sizzle, thin on ￰26￱ Bitcoin is different in at least two ways.

First, it’s a public-company wrapper on a power-and-hardware-intensive business (mining and balance-sheet BTC) rather than a pure token launch. Second, it’s stepping directly onto a major exchange – Nasdaq , which layers on disclosure obligations, audited financials, and market-structure ￰27￱ doesn’t immunize it from hype cycles, but it places ABTC inside the same reporting ecosystem as other listed miners and Bitcoin-exposed equities. What’s the crypto market saying? ABTC’s timing intersects with a still-hungry ETF ￰28￱ a mid-August wobble, ￰29￱ Bitcoin ETFs just snapped a multi-day outflow streak with $219 million of net inflows led by Fidelity and BlackRock , a reminder that institutionally convenient wrappers continue to funnel capital into BTC on ￰30￱ 2025 flows remain massive, and research shops still peg crypto ETPs as a primary bridge for mainstream ￰31￱ short: the “pipes” are very much alive.

BLACKROCK’s LARRY FINK: "Bitcoin ETF is the fastest-growing ETF in the history of ETFs." 🟧 ￰32￱ — Bitcoin Archive (@BTC_Archive) August 24, 2025 That backdrop is fertile for equities that package Bitcoin exposure with an added ￰33￱ miners and “BTC-treasury” plays have often traded as leveraged proxies for spot, rising faster in bull bursts and falling harder in ￰34￱ ABTC launches into a supportive tape, order books could see brisk demand simply because some investors prefer ticker exposure over self-custody, and some funds can only hold exchange-listed securities. Conversely, in a risk-off week, that leverage can work in ￰35￱ spicier question is whether politically branded crypto equities can outperform based on identity ￰36￱ will test that thesis – especially in the first weeks, but markets usually revert to fundamentals: hashrate efficiency, energy contracts, scale, balance-sheet BTC per share, and dilution ￰37￱ ABTC’s operational metrics are competitive and its treasury strategy is disciplined, the branding becomes a powerful top-of-funnel rather than the sole pillar of value.

Risks, realism, and the road ahead Regulatory and legal headwinds. A White House-adjacent crypto vehicle will (fairly or not) draw amplified ￰38￱ probing of energy sourcing, cross-border activities (the company has floated exploring exposure in Asia), related-party transactions, and disclosures around political ￰39￱ doesn’t doom the listing, but it raises the bar on governance and investor-relations precision from Day 1. Market-structure ￰40￱ ownership concentration outlined in filings implies limited float and potentially sharp price moves around catalysts (index inclusion, unlocks, secondary offerings). Aggressive treasury accumulation strategies, if pursued, can turbocharge upside when BTC rips, but they also magnify drawdowns.

Crypto-equity history is littered with miners that over-extended during strong cycles and then wrestled with capex obligations and dilutive raises when prices ￰41￱ (without a token). Because ABTC is an equity, not a coin, the “tokenomics” here are capital-markets mechanics: shares outstanding, cost of capital, future issuance, and BTC per share on the balance ￰42￱ management telegraphs a clear capital-allocation framework – how much to mine vs. buy, how much BTC to hold ￰43￱ for operating costs, what leverage is acceptable, the market will have anchors to model fair value instead of trading purely on ￰44￱ ￰45￱ spectacle without follow-through: The American Bitcoin SPAC launch could grab headlines at first, but risk fizzling if operational disclosures disappoint or governance questions ￰46￱ institutional gateway: Clean reporting, competitive hashrate growth, prudent treasury policy, and a float that widens predictably, turning ABTC into a programmable, long-only-friendly BTC proxy alongside the ￰47￱ next near-term waypoint is procedural: shareholder approvals and the closing of the merger – with company materials signaling an early-September start to trading, ticker ￰48￱ for updated S-4/8-K filings and day-one liquidity ￰49￱ From Twitter jabs to ticker listings, crypto just got its most theatrical entry point ￰50￱ Bitcoin packs politics, hype, and regulatory intrigue into a single ￰51￱ could debut as 2025’s most-watched crypto equity: a Nasdaq-listed, Trump-backed crypto vehicle colliding with an ETF-driven bull ￰52￱ it prove an ETF-level gateway for institutions or just the loudest headline of the year?

Your move, ￰53￱ ABTC represent a legit institutional crypto investment, or just another flashy headline? Tell us your ￰54￱ vs ICO Comparison – Mobile Optimized . cmp-card –primary-blue: #2563eb; –secondary-blue: #1d4ed8; –accent-blue: #3b82f6; –light-blue: #60a5fa; –bg-white: #ffffff; –bg-light: #f8fafc; –border: #e2e8f0; –text-primary: #1e293b; –text-secondary: #475569; –text-muted: #64748b; font-family: -apple-system, BlinkMacSystemFont, ‘Segoe UI’, Roboto, ‘Inter’, sans-serif; background: var(–bg-white); color: var(–text-primary); border: 2px solid var(–border); border-radius: 20px; padding: 28px; margin: 16px auto; max-width: 1200px; box-shadow: 0 10px 25px -3px rgba(0, 0, 0, 0.1), 0 4px 6px -2px rgba(0, 0, 0, 0.05); position: relative; overflow: hidden; .

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mobile-card-content padding: 12px; . mobile-spac, . mobile-ico padding: 12px; margin-bottom: 10px; . mobile-text font-size: 13px; Comparison: SPAC-style Go-Public Mergers vs Traditional ICOs Criterion SPAC-style / Go-Public Merger* Traditional ICO Regulatory Path Typically merges with an already-listed entity to list equity on Nasdaq/NYSE.

Token sale under a whitepaper; often no exchange listing approvals at ￰55￱ Investors Get Public-company stock (e. g., “ABTC” ticker after close). Tokens (utility/governance claims vary; no equity rights by default). Disclosure & Oversight Exchange-mandated disclosures; board governance ￰56￱ widely; disclosures may be minimal and ￰57￱ Broker/dealer onboarding; institutional access is ￰58￱ retail-first; historical ICOs had inconsistent KYC/AML ￰59￱ & Lockups Limited free float at start; unlocks scheduled by ￰60￱ vesting schedules vary; on-chain unlocks can drive ￰61￱ & Access Trades on major stock exchanges; margin and options may be available over ￰62￱ on CEX/DEX post-sale; access depends on venue and ￰63￱ Risks Price swings around votes, unlocks, secondaries; governance ￰64￱ actions, low disclosure, smart-contract risk, extreme ￰65￱ Path SPAC-style / Go-Public Merger Typically merges with an already-listed entity to list equity on Nasdaq/NYSE.

Traditional ICO Token sale under a whitepaper; often no exchange listing approvals at ￰66￱ Investors Get SPAC-style / Go-Public Merger Public-company stock (e. g., “ABTC” ticker after close). Traditional ICO Tokens (utility/governance claims vary; no equity rights by default). Disclosure & Oversight SPAC-style / Go-Public Merger Exchange-mandated disclosures; board governance ￰67￱ ICO Varies widely; disclosures may be minimal and ￰68￱ SPAC-style / Go-Public Merger Broker/dealer onboarding; institutional access is ￰69￱ ICO Often retail-first; historical ICOs had inconsistent KYC/AML ￰70￱ & Lockups SPAC-style / Go-Public Merger Limited free float at start; unlocks scheduled by ￰71￱ ICO Token vesting schedules vary; on-chain unlocks can drive ￰72￱ & Access SPAC-style / Go-Public Merger Trades on major stock exchanges; margin and options may be available over ￰73￱ ICO Listed on CEX/DEX post-sale; access depends on venue and ￰74￱ Risks SPAC-style / Go-Public Merger Price swings around votes, unlocks, secondaries; governance ￰75￱ ICO Regulatory actions, low disclosure, smart-contract risk, extreme volatility. *”SPAC-style” here refers to go-public mergers (like ABTC’s all-stock combination with a Nasdaq-listed company).

It is not a blank-check SPAC ￰76￱ Bybit now and claim a $50 bonus in minutes