American Bitcoin Eyeing Nasdaq Debut in September: Reuters
American Bitcoin, partially owned by Eric Trump and Donald Trump Jr., is nearing a public listing on Nasdaq, targeting September. The merger with Gryphon Digital Mining is nearly complete. Hut 8 owns 80% of American Bitcoin, which aims to become one of the largest Bitcoin miners in the U.S. The stock will trade under the ticker ABTC. Hut 8's stock rose 0.6% to $26.51, a 29% increase year-to-date. The Winklevoss twins have invested in American Bitcoin using Bitcoin instead of cash. The company has accumulated 215 Bitcoin, valued at approximately $24 million. If public today, it would rank as the 30th largest publicly traded Bitcoin holder in the U.S. Hut 8 holds 10,667 Bitcoin worth $1.2 billion and raised $220 million last month for Bitcoin purchases and infrastructure expansion, including plans for Dubai.
