Gryphon Digital Mining to Merge with Trump-Linked American Bitcoin

Gryphon Digital Mining has secured shareholder approval to merge with American Bitcoin, a mining firm connected to the Trump family, in a stock-for-stock deal that sets the stage for a rebrand and new Nasdaq ￰0￱ Takeaways: Gryphon shareholders approved a merger with Trump-linked American Bitcoin, including a 5-to-1 reverse stock ￰1￱ combined company will rebrand as American Bitcoin and begin trading under the ticker “ABTC” on ￰2￱ move gives American Bitcoin fast-track public market ￰3￱ Las Vegas-based Bitcoin miner announced Friday that its shareholders voted in favor of the merger earlier in the week. A reverse five-to-one stock split will be completed by 5:00 pm ET on Sept. 2, after which the combined company will trade under the name American Bitcoin with the ticker symbol “ABTC.” Gryphon Shareholders Approve 5-to-1 Reverse Split Ahead of Merger The split will reduce Gryphon’s outstanding shares from 82.8 million to approximately 16.6 ￰4￱ revealed in May, the deal allows American Bitcoin, launched by Donald Trump ￰5￱ Eric Trump earlier this year , to enter public markets without a separate IPO, using Gryphon’s Nasdaq listing as a ￰6￱ Trump-backed company emerged from a rebrand of American Data Center and is affiliated with mining infrastructure provider Hut ￰7￱ Bitcoin has positioned itself as a pure-play mining venture focused on Bitcoin ￰8￱ has disclosed 215 BTC in holdings, though third-party data from ￰9￱ suggests its reserves could approach 1,941 ￰10￱ Digital Mining $GRYP will merge with American Bitcoin $ABTC , co-founded by Eric Trump, Donald Trump Jr., and@Hut8Corp.

With Gryphon’s stock up over 200% since the merger announcement, investors are asking: is this a golden opportunity? 00:00 Intro to Gryphon-American… ￰11￱ — Hayden Otto (@Hayden_Otto) August 29, 2025 Shares of Gryphon fell more than 10% on Friday, giving back part of Thursday’s 41% rally that followed initial reports of the ￰12￱ deal is seen as combining Gryphon’s low-cost mining operations with American Bitcoin’s aggressive treasury strategy to create a more competitive presence in the public mining ￰13￱ merger reflects a broader trend of public firms ramping up their Bitcoin exposure. Collectively, listed companies now hold nearly 990,000 BTC, led by Strategy’s dominant 631,000 BTC ￰14￱ Bitcoin has been exploring acquisitions in Hong Kong and Japan to expand its footprint, the Financial Times reported earlier this ￰15￱ Bitcoin’s interest in Asia taps into markets with deep retail trading culture and growing regulatory openness toward ￰16￱ Kong has positioned itself as a digital asset hub, and Japanese-listed vehicles could provide a regulated path for institutional and retail investors to ￰17￱ Family Expands Crypto Ties The venture is one of several crypto-linked businesses tied to the Trump ￰18￱ June, Donald Trump disclosed $57 million in income from World Liberty Financial, a crypto platform that recently announced a $1.5 billion token buyback in partnership with Las Vegas-based blockchain firm ALT5 Sigma.

Separately, Trump Media & Technology Group, which operates Truth Social, plans to raise $2.5 billion to establish its own Bitcoin treasury. Meanwhile, the Trump administration advanced its pro-crypto agenda with a series of policy and regulatory ￰19￱ Trump signed an executive order urging regulators to remove barriers that prevent 401(k) plans from including alternative assets such as ￰20￱ implemented, the reforms could allow millions of Americans to allocate retirement funds to Bitcoin and other digital assets through regulated ￰21￱ also nominated economist Stephen Miran , a digital asset advocate, to the Federal Reserve Board of Governors, signaling continuity in his administration’s pro-crypto stance.