In addition to mine Bitcoin, the accumulation of the digital currency will be part of its strategy.
Regulations favorable to cryptocurrencies in the US. UU. Promote this launch.
American Bitcoin, a company backed by Eric Trump, Donald Trump Jr. and Hut 8, last details to debut in the stock market in early September after merging with Gryphon Digital Mining.
The company, which will quote under the ABTC ticket, It will combine Bitcoin mining with strategic accumulation of the digital currency, commented Asher Genoot, executive director of Hut 8, who controls 80% of the company’s shares.
In addition, several of the main shareholders are already defined, among those are the Winklevos brothers, co -founders of Exchange Gemini, while the Trump and Hut 8 brothers will have 98% of the entity.
Genoot explained that, instead of making an initial public offer (IPO), which is the process of issuing new actions to the public to quote on the stock market, they opted for a merger with Gryphon Digital Mining. This allows access various sources of financing from an already listed companymaximizing opportunities for investors.
On the other hand, American Bitcoin plans to expand its scope by taking shares in companies outside the United States. This would provide international investors access to Bitcoin assets quoted in the stock market, especially those with restrictions to operate in Nasdaq. Although Genot clarified that there are still no firm commitments, the strategy seeks flexibility in a dynamic market.
Also, the company, launched in March by the brothers Trump and Hut 8, It will benefit from a favorable regulatory environment in the United Stateswhich drives the growth of cryptocurrencies.
Genot explained that American Bitcoin will accumulate BTC both by mining and direct purchasesalternating between both strategies according to the best performance at all times.
The Trump brothers have shown an increasing commitment to the digital asset sector through World Liberty Financial, their platform defiated in September 2024, as reported by cryptootics. This project, backed by President Donald Trump, promotes decentralized financial services and includes USD1, a stablecoin linked to the dollar and backed by treasure bonds.
