Trump Sons-Backed American Bitcoin Set for Nasdaq Debut This September

Bitcoin's marching onto Wall Street—with a famous political pedigree riding shotgun.

The Trump family's latest crypto play positions American Bitcoin for a Nasdaq listing next month, merging political clout with digital asset ambition. Don Jr. and Eric Trump's endorsement signals establishment acceptance of what was once Wall Street's rebellious stepchild.

Political Capital Meets Crypto Gains

This isn't just another crypto listing—it's a fusion of Trump-branded populism with hard digital assets. The move leverages the family's substantial following while giving institutional investors a politically-connected Bitcoin vehicle.

Wall Street's love-hate relationship with crypto continues: they'll criticize it until they can charge fees on it.

The Nasdaq listing represents another step in crypto's relentless institutional invasion—proving even traditional finance can't resist the siren call of digital asset profits.

Major shareholders and investor backing

The company’s largest investor, Hut 8, which holds an 80% stake, confirmed that anchor shareholders have been finalized.

Notably, Tyler and Cameron Winklevoss, co-founders of the Gemini exchange, are among the investors backing the new firm.

Following the merger, American Bitcoin—trading under the ticker ABTC—will see the Trump brothers and Hut 8 collectively own 98% of the entity.

Asher Genoot, CEO of Hut 8, explained the rationale for the merger at the Bitcoin Asia conference:

“Instead of going public directly via IPO, we thought that there was a lot more advantages to financing if we had an existing company that already had access to different financing too.”

Expansion strategy and global ambitions

Eric Trump is actively involved in American Bitcoin’s strategic direction, including its mining operations and site development.

The company is seeking bitcoin assets to acquire in Hong Kong and Japan, aiming to expand its global footprint and provide more investors with access to publicly listed bitcoin assets—even in regions where buying Nasdaq stocks is restricted.

Mining and treasury approach

Launched in March 2025, American Bitcoin plans to grow its bitcoin holdings through both mining and direct purchases, adjusting its strategy based on market conditions. Genoot noted:

“Instead of just a treasury strategy where companies raise money to buy bitcoin or just a mining company… we ebb and FLOW between which one is the best return at different times.”

Industry context and related developments

The U.S. has recently accelerated bitcoin-related legislation under President Donald Trump.

Meanwhile, Hut 8 has shifted towards energy infrastructure and will be leasing data centers to American Bitcoin. Separately, Nakamoto Holdings announced new efforts to support early-stage bitcoin companies in Asia.

For more on bitcoin mining companies’ holdings, see the public miner BTC treasuries tracker.