American Bitcoin Prepares for Nasdaq Listing

American Bitcoin, founded by Donald Trump's sons and backed by a number of cryptocurrency and traditional investors, plans to enter Nasdaq trading as early as September this year. The main step will be the completion of the merger with Gryphon Digital Mining, after which the new structure will retain the name American Bitcoin and the ticker ABTC. According to the largest investor, Hut 8 CEO Asher Genuth, all anchor shareholders have already been determined, which makes the launch of trading a matter of the coming weeks.

American Bitcoin will be 98% owned by Eric Trump, Donald Trump Jr., and Hut 8. This controlling stake reflects a strategy to consolidate the business under the control of a limited number of shareholders. Instead of a classic IPO, the organization has chosen the path of merger, which, according to the management, provides greater access to financing and allows to use existing infrastructure capabilities.

Eric Trump is in Hong Kong for the Crypto Asia conference and is also set to visit Tokyo for an event by Japanese company Metaplanet, which is actively building up its Bitcoin treasury. American Bitcoin is thus using the Asian tour to draw attention to its upcoming listing and international development plans.

According to the Financial Times, American Bitcoin is considering buying crypto assets and companies in Hong Kong and Japan. This strategy would allow it to expand its business outside the US and provide access to public BTC assets to investors who cannot directly buy shares traded on the Nasdaq.

Plans for international expansion are still at an early stage, and no specific deals have been concluded yet. However, the company's management emphasizes that the main goal is to gain a foothold in the global market and attract both institutional and retail investors.

Source: cryptonews.net