American Bitcoin Targets September Nasdaq Listing, Backed by Trump Family
American Bitcoin, partly owned by Eric Trump and Donald Trump Jr., is set to debut on Nasdaq in September under the ticker ABTC. Hut 8 CEO Asher Genoot announced this at the Bitcoin Asia conference, stating that the Trump brothers will hold a 98% ownership stake along with Hut 8.
- American Bitcoin aims to become a leading Bitcoin entity, accumulating $BTC through mining and purchases.
- The firm currently holds 215 $BTC, while Hut 8 possesses 10,667 $BTC.
- The Winklevoss twins have invested in American Bitcoin and donated $21M to support pro-crypto initiatives.
- The planned listing follows a merger with Gryphon Digital Mining, where Gryphon will own 2% of the company.
- Listing coincides with advances in the GENIUS Act, expected to increase market activity.
These developments may ignite an altcoin season, boosting attention towards mining projects like Pepenode.
Overall, American Bitcoin's listing could positively impact Bitcoin prices and indirectly stimulate interest in altcoins as institutional support grows.