American Bitcoin, partially owned by Trump’s sons, plans to go public on Nasdaq in September. Hut 8 holds 80% of the company, with Eric and Donald Trump Jr. expected to own 19%. The firm aims to be a leading Bitcoin miner under ticker symbol ABTC.

Hut 8’s stock price rose to $26.51, up 29% year-to-date. Gemini founders Tyler and Cameron Winklevoss have invested in American Bitcoin with Bitcoin instead of cash. The company has accumulated 215 Bitcoin, worth around $24 million.

Hut 8 raised $220 million to expand into Dubai and purchase Bitcoin and mining infrastructure. The firm, with offices in Texas, New York, and Alberta, Canada, holds 10,667 Bitcoin worth $1.2 billion. Hut 8 has held Bitcoin on its balance sheet since 2017.

Read more at Yahoo Finance: American Bitcoin Eyeing Nasdaq Debut in September: Reuters