(BFM Stock Exchange) – The American company specializing in cryptocurrencies intends to do its own fellowship in the fall through a merger with a company already listed in Wall Street.

Startup American Bitcoin, dedicated to providing energy and IT capacities to cryptocurrency specialists and who has the two eldest wires of Donald Trump among her investors, will enter the New York Stock Exchange in the fall.

“By introducing American Bitcoin on the stock market, we hope to unlock direct access to dedicated growth capital,” said Asher Genoot, Hut 8 pattern, Mother of the Startup on Monday.

Concretely, American Bitcoin will merge with Gryphon Digital Mining, a company, already listed in Wall Street, of “mining”-that is to say an operation which consists in carrying out a long series of calculations resulting in the production of a cryptocurrency unit.

“The company resulting from the merger should be listed in Nasdaq under the symbol + ABTC + (…) from the third quarter of 2025,” said Hut 8 in its press release.

Once the operation was finalized, the current shareholders of American Bitcoin will have around 98% of the new entity, it is specified in the document.

American Bitcoin has so far been controlled mainly by the listed company Hut 8. But around 20% of the titles were held by a group of investors including Eric Trump and Donald Trump Jr.

Close links

Eric Trump is also part of the startup management team. The links are increasingly close between the American president’s family and the cryptocurrency industry.

In September, the two eldest sons of the head of state had already associated, with their father, their name with a cryptocurrency exchange platform, World Liberty Financial. The latter launched, in March, a stablecoin, called USD1, a cryptocurrency backed by the dollar.

This IPO project comes as Donald Trump has multiplied initiatives since taking office, to soften the regulation of cryptocurrencies.

The parallel aroused criticism from several observers, warning against possible conflicts of interest, even if Donald Trump entrusted his mandate, the management of his economic interests to a trust managed by Donald Trump Jr.

Another link between Donald Trump and digital currencies: his media company, Trump Media and Technology Group (TMTG), a week ago unveiled a partnership for the marketing of investment funds whose assets will be placed, in part, in cryptocurrencies.

(With AFP)