American Bitcoin Corp. Begins Trading as ABTC, Eyes Premier Role in Bitcoin Investment

American Bitcoin made its public market debut today, officially beginning trading on the Nasdaq under the ticker symbol ABTC following the completion of its stock-for-stock merger with Gryphon Digital Mining (GRYP). 

The move positions the company as one of the newest institutional-grade vehicles for investors seeking direct exposure to Bitcoin through equity markets.

Aiming to Become a Premier Bitcoin Accumulation Platform

American Bitcoin describes itself as an institutional-grade Bitcoin accumulation platform with a dual strategy designed to maximize bitcoin per share. 

The approach combines operating at a structural cost advantage in mining with flexible capital deployment across varying market conditions. This two-pronged strategy is meant to ensure resilience and long-term scalability in a sector defined by volatility.

Eric Trump, Co-founder and Chief Strategy Officer, said the listing represents a milestone moment. 

“Today, American Bitcoin becomes a premier public vehicle for investors seeking scalable, singular exposure to the defining asset class of our time,” he said in a statement.

Partnership With Hut 8 and Strategic Efficiency

Through its partnership with Hut 8 (HUT), one of North America’s largest digital asset mining companies, ABTC gains access to advanced ASICs and scaled colocation mining infrastructure. This arrangement enables the company to avoid heavy infrastructure investment while still expanding mining capacity.

The firm also highlights shared services with Hut 8 as a key driver of efficiency, particularly in selling, general and administrative (SG&A) costs, which it says allows more capital to flow directly toward Bitcoin accumulation.

Market Reaction and Sector Context

The announcement comes amid renewed momentum in Bitcoin-equities. At the time of publication, GRYP shares were up 9.4% in pre-market trading, while HUT gained 1.37%, reflecting investor enthusiasm around the merger and ABTC’s launch.

Hut 8 share price

Hut 8 share price (Source: Google Finance)

The debut of American Bitcoin adds another player to the growing roster of public companies using equity markets as a channel for Bitcoin exposure. With its dual accumulation model and Nasdaq listing, ABTC aims to carve out a unique niche as a vehicle for scalable Bitcoin investment.

Author

  • Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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