- American Bitcoin goes public via all-stock merger with Gryphon Digital Mining (ABTC).
- Trump sons and Hut 8 will control 98% of the merged company.
- Market response is positive; Gryphon shares jumped 23% pre-listing.
American Bitcoin, a U.S.-based Bitcoin mining company backed by Donald Trump Jr. and Eric Trump, is preparing for a major Nasdaq debut. The company plans to go public in early September through an all-stock merger with Gryphon Digital Mining (NASDAQ-CM: GRYP), consolidating assets, investor commitments, and operational infrastructure under the American Bitcoin brand. This move signals a strategic expansion amid renewed optimism for cryptocurrency adoption.
Trump-Backed Initiative Attracts Major Investors
The merger is strongly supported by Donald Trump’s eldest sons, Eric and Donald Jr., alongside Hut 8 Mining Corp., which holds an 80% stake in American Bitcoin. Post-merger, the Trump family and Hut 8 are projected to control 98% of the new entity. Additionally, notable crypto figures such as Gemini co-founders Tyler and Cameron Winklevoss are among the anchor investors, lending credibility and visibility to the venture.
Choosing an all-stock merger over a traditional IPO allows American Bitcoin to access funding efficiently while leveraging Gryphon’s existing public infrastructure. The combined company will operate under the American Bitcoin name, trading under the ticker ABTC, with management and board oversight largely retained.
Positive Market Response and Strategic Expansion
Investors in Gryphon Digital Mining have already reacted positively, with a reported 23% surge in share value over five days, according to Yahoo! Finance. The merger provides a streamlined path for American Bitcoin to scale its operations and pursue international opportunities, including potential investments and acquisitions in Asia.
The timing of this public listing coincides with supportive U.S. cryptocurrency policies, which could attract both institutional and private investors, particularly those previously restricted from purchasing Nasdaq-listed shares in certain markets. Analysts see this merger as a pivotal step in strengthening American Bitcoin’s global footprint.
Also Read: Bitplanet Launches $40M Bitcoin Treasury in South Korea
American Bitcoin’s Nasdaq debut via Gryphon Digital Mining represents a bold strategic move that combines high-profile backing, operational synergies, and market confidence. With the Trump family, Hut 8, and crypto industry leaders on board, ABTC is poised to become a prominent player in the global Bitcoin mining sector.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
