Trump Family-Backed American Bitcoin to Go Public on Nasdaq as ABTC, Retaining 98% Ownership

American Bitcoin, a Bitcoin mining company backed by the Trump family, is set to go public through a merger with Gryphon Digital Mining. The merger, announced on May 12, 2025, will result in the combined entity trading on Nasdaq under the ticker symbol ‘ABTC’. The transaction is structured as a stock-for-stock merger, with existing American Bitcoin shareholders expected to retain approximately 98% ownership of the new company. Gryphon’s shareholders will own the remaining 2%. Hut 8, which holds a majority stake in American Bitcoin, will continue to provide infrastructure support. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant