Breaking: Trump-Backed BTC Miner American Bitcoin Debuts on Trump-backed mining company American Bitcoin is set to go public on the Nasdaq today. This follows a merger with Gryphon Digital Mining, which the company completed lAccording to a WSJ report, the Bitcoin mining and accumulation business, which Donald Trump’s two eldest sons co-founded, will list its shares on the Nasdaq today under the ticker ‘ABTC.’ Eric and Donald Trump Jr., Bitcoin miner Hut 8, and other shareholders will own about 98% of the company.

This follows a merger with Gryphon Digital Mining, which the company’s shareholders approved last week during a special meeting. Investors in Gryphon’s stock, ‘GRYP,’ will hold the remaining 2% of the shares in American Bitcoin.

Commenting on this development, Eric Trump told WSJ that they have become the “obvious name in crypto.” He added that his company will be the greatest treasury company

Notably, American Bitcoin currently holds almost 2,443 BTC on its balance sheet as it looks to adopt Michael Saylor Strategy’s Bitcoin treasury model. Eric Trump had previously stated that they want to eventually become the largest Bitcoin holder, surpassing Strategy and other top holders.

Meanwhile, this development comes just two days after the Trump family flagship crypto venture, World Liberty Financial, made its WLFI token tradeable. Thanks to that, the president’s family amassed as much as $5 billion in paper wealth.