Trump-Linked Bitcoin Miner American Bitcoin Files for IPO—Can Political Clout Pump BTC?

Wall Street meets the MAGA agenda as American Bitcoin—the mining venture tied to the Trump family—files to go public. Cue the speculative frenzy.

Mining or mining influence? The timing raises eyebrows as crypto markets flirt with volatility. Nothing like a splashy IPO to distract from energy consumption debates.

Bonus jab: Because nothing screams ’sound investment’ like mixing politics, meme-worthy branding, and an asset class that drops 30% before lunch.

Bitcoin reserve play

After the deal, the company will operate under a new brand, American Bitcoin. It will focus on industrial BTC mining and BTC reserve development. Eric Trump, in a statement, said, 

 “Our vision for American Bitcoin is to create the most investable Bitcoin accumulation platform in the market.”

For his part, Asher Genoot, CEO of Hut 8 and board member of American Bitcoin, noted that going public WOULD allow the firm to scale and meet its goals. 

According to Google Finance data, the update sparked a 173% daily rally for Gryphon Digital Mining shares (GRYP). 

That said, Bitcoin mining is the latest TRUMP family interest in the space, along with other ventures in the stablecoin and DeFi segments. 

Interestingly, for the new venture, the team seeks a similar Strategy-like BTC play through mining rather than buying the asset directly from the markets. 

According to CryptoQuant Axel Adler, the average cost of mining one BTC was around $36.8K.

Compared to the current BTC value above $100K, it translates to a +180% gain. From this perspective, the American Bitcoin model, especially the BTC reserve angle, was plausible. 

Source: CryptoQuant

However, some analysts stated that the above costs only applied to electricity, not mining hardware. According to critics, the cost of mining a single BTC could hit $80K-$90K if hardware equipment is factored. 

Overall, the American Bitcoin-Gryphon deal is expected to be finalized in Q3 2025. It remains to be seen what level of market interest American Bitcoin will generate when the deal is done.