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A major shake-up in crypto mining is underway as American Bitcoin Corp., a mining company tied to Donald Trump’s family, is gearing up to list on Nasdaq under the ticker ABTC. If approved, this will bring a Trump-backed crypto venture directly into Wall Street’s spotlight. The Big Merger in Play American Bitcoin Corp., co-founded by Eric Trump, is merging with publicly traded Bitcoin miner Gryphon Digital Mining. The merger is expected to be completed after a shareholder vote scheduled for August 27. If approved, the combined company will begin trading in early September 2025. The deal is structured as a stock-for-stock merger, meaning Gryphon shareholders will swap their shares for shares in the new company. However, American Bitcoin stakeholders, including Hut 8, Eric Trump, and Donald Trump Jr., will retain 98% control of the new entity. Strategic Role for the Trump Family Eric Trump, positioned as Chief Strategy Officer, is set to hold 367 million shares valued at an estimated $367 million, though private transactions suggest conservative valuations closer to $92 million. This high-profile involvement aligns with Donald Trump’s broader push to establish a “golden age of crypto” and boost the U.S. presence in digital assets.  Founded in March 2025 alongside Hut 8, American Bitcoin has already mined over 215 BTC and raised $220 million in private capital to acquire both mining infrastructure and Bitcoin holdings. The merger promises a combined hash rate exceeding 15% of U.S. capacity, positioning the firm among the sector’s largest public players.  Why It Matters for Crypto Markets A Sign of Maturity: A Bitcoin-focused company heading to Nasdaq is a clear sign that crypto is stepping further into the financial mainstream. Spotlight on Regulation: With ties to the Trump family, this mining venture is bound to catch the eye of regulators. As crypto becomes more political and connected to traditional power, questions around transparency, influence, and centralization will only grow. Fuel for Institutional Access: Public listings like this open the door for big investors, pension funds, asset managers, and even retail traders to get crypto exposure without touching tokens. It makes Bitcoin investing a little more Wall Street-friendly. What’s Next Voting on August 27: Gryphon shareholders must approve the merger. Nasdaq Listing in Early September: If successful, trading begins under ABTC. While Gryphon’s shares dipped 3% after the news, the market is closely watching how this could shape Bitcoin policy, mining, and investment under potential future Trump leadership. FAQs Who owns American Bitcoin Corp.? Co-founded by Eric Trump, the merged entity will be 98% controlled by Hut 8 and Trump family stakeholders, including Donald Trump Jr. What is the purpose of the merger with Gryphon Digital Mining? The merger is a strategic move to create a combined company with a significant U.S. hash rate, positioning the new firm as a leading public player in the mining sector. Why does this merger matter for crypto? The Nasdaq listing signals crypto’s Wall Street integration, boosts institutional access, and aligns with Trump’s pro-Bitcoin policy agenda.