A new and powerful player, bearing one of the most famous names in American politics, is preparing to make its public debut on Wall Street.

American Bitcoin, a bitcoin miner backed by US President Donald Trump’s sons, Eric and Donald Jr., has locked in its investors and is finalizing a merger that will see it begin trading on the Nasdaq as early as next month.

The move marks a significant convergence of political branding and the world of digital assets, creating a high-profile entity with global ambitions.

According to Asher Genoot, the CEO of Hut 8, which holds a commanding 80% stake in American Bitcoin, the company’s all-stock merger with Gryphon Digital Mining is set to be finalized shortly, with the clear goal of trading in early September.

Rather than pursuing a traditional and lengthy Initial Public Offering (IPO), American Bitcoin has opted for a more strategic route to the Nasdaq.

The merger with an existing entity, Genoot explained, was a calculated decision designed to provide a crucial edge in the capital-intensive world of crypto mining.

“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,” Genoot told Reuters in an interview at the Crypto Asia conference in Hong Kong.

The ownership structure of the newly formed entity will be extraordinarily concentrated.

Co-founder Eric Trump, his brother Donald Trump Jr., and the majority stakeholder Hut 8 will together own a combined 98% of the company, which will retain the name American Bitcoin and trade under the potent stock ticker ABTC.

The company’s ambitions are not confined to the United States. Its public listing is being orchestrated as a key figurehead, Eric Trump, is actively touring Asia.

Genoot confirmed that Eric Trump is in Hong Kong and will travel to Tokyo this weekend for an event with Metaplanet, a Japanese bitcoin treasury firm.

This is not a social visit; it is a business expedition. The Financial Times recently reported that American Bitcoin is actively hunting for crypto assets to acquire in both Hong Kong and Japan as it seeks to build out its global footprint.

Genoot added that the company could even take stakes in companies outside the US, a strategic move to give a broader range of investors access to publicly listed bitcoin assets.

“Right now it’s very early. So we haven’t been committed to anything,” he said, signaling a methodical but aggressive approach to expansion.

This international push is part of a broader strategic realignment.

Hut 8, once a crypto miner itself, has now pivoted its own business model, shifting its focus to the critical energy infrastructure and data centers that power the digital economy, a move Genoot confirmed was made after launching American Bitcoin with the Trump sons.

For this new-look company, the public listing of ABTC is not just an exit; it is the beginning of a new and ambitious chapter.

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