American Bitcoin, an American bitcoin miner, is ready to NASDAQ through the All-Stock with Gryphon digital mining. Society is supported by two sons of President Donald Trump,
The merger of the company’s crypto will soon be completed to start trading in early September, said Asher Genoot, HUT 8 CEO, which holds 80% of American bitcoins, Reuters.
Who owns a new entity?
According to Genoot, shareholders of the anchor in the list were already completed for the early merged companies.
Hut 8, the largest investor of the American Bitcoin, together with the co -founder of Bitcoin Company Eric Trump and his brother Donald Trump JR, will own a combined 98% of the newly created entity.
The newly created entity retains the name American Bitcoin and will trade on Nasdaq within the ABTC acts.
Efforts for global expansion
The company chose a fusion instead of IPO because it was considered a more advantageous way to publish. “Instead of publishing directly through IPOs, we thought that funding had much more advantages if we had an existing company that had already had access to various funding,” Genoot told Reuters in an interview at Crypto Asia in Hong Kong.
He also mentioned that Eric Trump is currently in Hong Kong and plans to travel to Tokyo over the weekend to participate in the Metaplanet event, the Japanese Bitcoin State Treasury.
American Bitcoin is hunting crypto assets that you can buy in Hong Kong and Japan to expand and build their global business, The Financial Times reported two weeks ago.
Genoot noted that American bitcoins could attract bets in companies outside the US to provide access to publicly mentioned bitcoin assets for investors who were unable to buy shares on NASDAQ list.
“It’s very early right now. So we didn’t look forward to anything,” Genuot said.
Strategic shift
Hut 8, which was previously focused on crypt mining, has now moved its business model to focus on energy infrastructure and data centers.
This shift occurred after the opening of the American Bitcoin with Trump Brothers, Genoot told Reuters.
Bitcoin has recorded this year’s record maximum, led by newly found optimism among the growing number of investors due to Trump Prokrypto agenda. Trump, who was a cryptic skeptic in his first term, overturned his attitude to this issue during his 2024 campaign and came to rely on the money cryptoviště in an effort to defeat former vice president Kamaly Harris.
(Tagstotranslate) American Bitcoin
