Nasdaq Welcomes American Bitcoin In September

American Bitcoin “Sets the Date” for Nasdaq in September

According to Reuters, American Bitcoin, a Bitcoin mining company backed by major player Hut 8, is nearing the completion of its merger with Gryphon Digital Mining. This marks a crucial step before the company officially lists on Nasdaq this September under the ticker ABTC.

Hut 8 currently owns 80% of the shares, while other stakeholders, including Eric Trump and Donald Trump Jr., hold around 19%.

Ambition to Become One of the Largest U.S. Bitcoin Miners

American Bitcoin not only focuses on mining but is also actively growing its Bitcoin holdings. As of June 2025, the company held 215 BTC, valued at approximately $24 million (based on Bitcoin’s price of ~$112,000).

If successfully listed, American Bitcoin will rank among the top 30 publicly traded companies in the U.S. holding Bitcoin, according to data from Bitcoin Treasuries.

Backed by Hut 8 and Billionaire Investors

Hut 8 CEO Asher Genoot revealed that, in addition to direct investment, Gemini co-founders Cameron and Tyler Winklevoss have also invested in American Bitcoin—using Bitcoin instead of cash.

At the same time, Hut 8 continues to expand globally: beyond the U.S. and Canada, the firm has opened an office in Dubai and raised $220 million last month to grow its mining infrastructure.

Market Outlook

With support from America’s crypto-friendly policies and strong financial backing from Hut 8, American Bitcoin aims to quickly join the ranks of the country’s leading mining giants.

Amid Bitcoin trading around $112,000, the growth of mining firms could continue attracting attention from both traditional and crypto-focused investors.

Conclusion

American Bitcoin is gearing up for a historic milestone—Nasdaq listing in September, opening up opportunities to become one of the leading Bitcoin mining companies in the U.S. With strong backing from Hut 8 and billionaire investors, this could be one of the most notable names in the crypto industry in the second half of 2025.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.