Trump newest crypto company is called ‘American Bitcoin’ and will soon be listed on Nasdaq

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Last Updated on 14 May 2025 by CryptoTips.eu

On March 31st of this year, major crypto mining company Hut 8 announced the launch of a subsidiary called “American Bitcoin”. It now turns out that this new Bitcoin mining company is backed by the family of President Donald Trump. Specifically, the sons of US President Donald Trump (Eric and Donald Jr.) will participate in this crypto mining adventure as directors within that company.

Advertentie.

Nasdaq

And although the young Bitcoin company has only been around for a month and a half, it is already going public, via a merger with another listed company. ‘American Bitcoin’ shares will be offered for sale on the technology-focused stock exchange Nasdaq.

Yesterday, the gigantic Bitcoin mining company Hut 8 Corp. (HUT, listed on the Nasdaq) announced that its subsidiary American Bitcoin will also be listed on the same stock exchange.

In this manner, it is likely it will attract the attention of Trump fans and you can probably also expect the American President won’t fail to mention it a few times on social media.

That all smells of a conflict of interest, but it has been clear for a few months (and certainly since this weekend when it became known that Trump is receiving a plane worth 400 million dollars as a gift from Qatar) that the Trump family does not care too much about ethics anymore.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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