Grand Theft America / Receipt money-2025-09-03-050
American Bitcoin lists on Nasdaq after Gryphon merger
American Bitcoin, co-founded by Eric Trump, began trading on Nasdaq as 'ABTC' following a stock-for-stock merger with Gryphon Digital Mining.
What happened
American Bitcoin completed its reverse merger with Gryphon Digital Mining and debuted on Nasdaq on September 3, 2025; Eric Trump is co-founder and chief strategy officer, Donald Trump Jr. is also involved, and Hut 8 holds a majority stake. The stock was highly volatile on debut, closing far above the pre-merger price before falling back. The value of the Trump brothers' stake is a fluctuating paper figure, not realized income, so it is not counted.
Why it matters
American Bitcoin, co-founded by Eric Trump with Don Jr. involved and Hut 8 holding a majority stake, listed on Nasdaq, creating public-market value for the family in a sector the administration is actively deregulating. The overlap of family crypto ventures and favorable federal policy raises a conflict.
Receipt details
- Time the markets
- Paper value
