The Merger of American Bitcoin: Making Cryptocurrency Public
Bitcoin Mining Company Connected to Eric Trump to Launch IPO
In a groundbreaking move, the bitcoin mining company American Bitcoin - co-founded by Eric Trump - is about to join the big leagues! American Bitcoin's partnership with Gryphon Digital Mining (GRYP) will result in a merger, making the company public. The merged entity, simply named American Bitcoin, is set to debut on the Nasdaq.
The deal involves Gryphon acquiring American Bitcoin in a stock-for-stock transaction. Excitingly, Gryphon's shares surged 285% to $2.00 on this monumental announcement.
This union will see the combined firm embrace its current management and board, running under the American Bitcoin banner. The company’s shares will be tradeable on the Nasdaq under the ticker symbol "ABTC."
The Vision of a Future Bitcoin Giant
Eric Trump, who serves as co-founder and Chief Strategy Officer, envisions American Bitcoin as the most attractive platform for bitcoin investment. He stated that this transaction moves them a step closer to delivering a purpose-built platform engineered for long-term value creation in what he believes is one of the most significant asset classes of our time.
Trump formed American Bitcoin earlier this year, partnering with another bitcoin miner, Hut 8 (HUT). Asher Genoot, Hut 8’s CEO and an American Bitcoin board member, emphasized that going public is essential for scaling the business at the envisioned pace and magnitude.
Gryphon Digital Mining shares have already witnessed a whopping 380% growth this year. Although Hut 8 shares saw a 10% boost on this news, they are still 25% below their 2025 performance.
What's Next
The merger is expected to finalize in the third quarter of 2025, with current American Bitcoin shareholders holding around 98% of the newly formed company. The remaining 2% will belong to Gryphon's stockholders [1][2][3][4]. This union aims to create a premier Bitcoin mining institution, concentrating on low-cost Bitcoin acquisition strategies.
[1] American Bitcoin and Gryphon Digital Mining to Merge (Investor's Business Daily)
[2] American Bitcoin to Go Public Through Merger with Gryphon Digital Mining (CoinDesk)
[3] American Bitcoin, Gryphon Digital Mining Reach Merger Agreement (Decrypt)
[4] American Bitcoin-Gryphon Merger: Here's What Investors Need to Know (Nasdaq)
- As American Bitcoin, the merged entity will focus on employing strategic technology in Bitcoin mining to create a low-cost Bitcoin acquisition framework.
- The merger, which includes investments and trading in Bitcoin, is poised to make American Bitcoin an attractive platform for Bitcoin investment in the future.
- The initial coin offering (ICO) market could potentially benefit from the increased mainstream acceptance of cryptocurrency following the public debut of American Bitcoin on the Nasdaq.
