Eric Trump's American Bitcoin going public in latest crypto move by president's family

confirmed Importance 7/10 ~1 min read 4 sources 3 actors

Donald Trump Jr. and Eric Trump’s bitcoin mining firm, American Bitcoin, went public through an all-stock merger with Gryphon Digital Mining. Trading on Nasdaq under the ticker ‘ABTC’, the company is valued at over $7.5 billion, representing a significant expansion of the Trump family’s cryptocurrency and financial interests. The merger gives the Trump brothers approximately 20% ownership, with Hut 8 holding 80% of the company.

Sources & Citations

[1] Trump Family's American Bitcoin Mining Unit to Go Public in Gryphon Digital Deal · May 12, 2025 Tier 1

[2] Eric Trump's American Bitcoin going public in latest crypto move by president's family · May 12, 2025 Tier 2

[3] American Bitcoin, BTC Miner Backed by Eric and Donald Trump Jr, to Go Public · May 12, 2025 Tier 2

[4] Eric Trump's Bitcoin Firm Goes Public Amid White House Crypto Expansion · May 12, 2025 Tier 2

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Cite this entry

The Cascade Ledger. “Eric Trump's American Bitcoin going public in latest crypto move by president's family.” The Capture Cascade Timeline, May 12, 2025. https://capturecascade.org/event/2025-05-12--american-bitcoin-trump-sons-ipo/