American Bitcoin, partially owned by Eric Trump and Donald Trump Jr, targets a September public debut on the Nasdaq, according to Hut 8 CEO, Asher Genoot.
The new company will retain the name of American Bitcoin and trade with the ticker ABTC.
American Bitcoin plans to become one of the largest Bitcoin-centric entities in the world, hoarding $BTC from both mining and buying.
American Bitcoin’s September listing should finalize after the company’s merger with Gryphon Digital Mining reaches closing; at this point, the latter will have a 2% holding. Eric and Donald Trump Jr will hold 18% of the new company, with Hut 8 being the majority owner at 80%.
More importantly, the earlier you kickstart your mining machine, the higher the rewards, because early nodes mine use a higher hashrate. This creates an incentive to join the project as early as possible, along with the meaty $3,543% dynamic APY reward for stakers.
Moreover, the referral program also offers 2% of whatever your referred address mines, further incentivizing organic growth and investor participation.
America Bitcoin’s Nasdaq listing is likely to kickstart the beginning of the alt season indirectly, by virtue of fueling up Bitcoin.
This, combined with Trump’s GENIUS Act – already in its implementation phase – and the growing institutional support, could well push Bitcoin into another ATH run.
Remember, though, this isn’t financial advice. Do your own research and invest wisely.
