American Bitcoin Corp. begins trading on the Nasdaq today under the ticker “ABTC” following the completion of its stock-for-stock merger with Gryphon Digital Mining (GRYP), according to a company press release.

American Bitcoin aims to be an institutional-grade bitcoin accumulation platform. Its dual accumulation strategy is designed to maximize bitcoin per share by mining at a structural cost advantage and deploying capital flexibly across market conditions.

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“Today, American Bitcoin becomes a premier public vehicle for investors seeking scalable, singular exposure to the defining asset class of our time,” said Eric Trump, Co-founder and Chief Strategy Officer.

Through its partnership with Hut 8 (HUT), ABTC leverages advanced ASICs and a scaled colocation platform to mine Bitcoin without significant infrastructure investment. The company believes that shared services with Hut 8 drive SG&A efficiency and leaves more capital for bitcoin accumulation.

Read More: Hut 8 begins developing 1.5 GW expansion, secures $330 million credit facility 

At time of publication, GRYP is up 9.4% during pre-market hours and HUT is up 1.5%.