# Trump Family's 'American Bitcoin' Debuts on Nasdaq

*Author: Bankless*
*Published: Sep 3, 2025*
*Source: https://www.bankless.com/read/trump-familys-american-bitcoin-debuts-on-nasdaq*

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American Bitcoin (ABTC), a newly listed bitcoin mining and treasury company backed by Donald Trump Jr. and Eric Trump, began trading on the Nasdaq Wednesday following its merger with Gryphon Digital Mining (GRYP). 

### **What’s the Scoop?**
- **$2.1B raise filed:** The company filed for an at-the-market (ATM) equity offering of up to $2.1 billion to support future bitcoin acquisitions.
- **Corporate treasury strategy:** American Bitcoin has accumulated 2,443 BTC to date, worth around $160 million at current prices. The firm’s model blends mining operations with long-term bitcoin accumulation on its balance sheet.
- **Post-merger listing:** The Nasdaq debut follows the merger with Gryphon Digital. Shares for the stock are up 40% so far since market open.
- **Trump-backed entity:** Formed in March through a merger of the Trump brothers’ American Data Centers and Canadian miner Hut 8 (HUT), the newly listed firm is 80% owned by Hut 8.
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