Trump newest crypto company is called ‘American Bitcoin’ and will soon be listed on Nasdaq

On March 31st of this year, major crypto mining company Hut 8 announced the launch of a subsidiary called “American Bitcoin”. It now turns out that this new Bitcoin mining company is backed by the family of President Donald Trump. Specifically, the sons of US President Donald Trump (Eric and Donald Jr.) will participate in this crypto mining adventure as directors within that company.

Nasdaq

And although the young Bitcoin company has only been around for a month and a half, it is already going public, via a merger with another listed company. ‘American Bitcoin’ shares will be offered for sale on the technology-focused stock exchange Nasdaq.

American Bitcoin is set to go public through a merger with Nasdaq-listed Gryphon Digital Mining. The unified entity, trading under the ticker $ABTC, aims to establish itself as a premier platform for large-scale Bitcoin accumulation and institutional-grade digital asset exposure. pic.twitter.com/FcF4mdY2EA

— Twit Crypto (@Twitz_Crypto) May 13, 2025

Yesterday, the gigantic Bitcoin mining company Hut 8 Corp. (HUT, listed on the Nasdaq) announced that its subsidiary American Bitcoin will also be listed on the same stock exchange.

In this manner, it is likely it will attract the attention of Trump fans and you can probably also expect the American President won’t fail to mention it a few times on social media.

That all smells of a conflict of interest, but it has been clear for a few months (and certainly since this weekend when it became known that Trump is receiving a plane worth 400 million dollars as a gift from Qatar) that the Trump family does not care too much about ethics anymore.