In a landmark move shaking up the cryptocurrency and financial sectors, American Bitcoin, a mining firm backed by Eric Trump and Donald Trump Jr., is set to go public via a strategic all-stock merger with Gryphon Digital Mining. The deal, which could close as soon as the third quarter of 2025, positions the combined entity under the name American Bitcoin, with plans to trade on the Nasdaq under the ticker symbol “ABTC.”
This development not only highlights the Trump family’s growing involvement in digital assets, but also underscores the increasing legitimacy of cryptocurrency mining operations entering traditional financial markets.
Inside the Merger: Powering a New Crypto Giant
The all-stock deal will result in Gryphon Digital Mining acquiring American Bitcoin, creating a crypto mining powerhouse that merges Gryphon’s operational strengths with American Bitcoin’s high-profile backing and capital access. The Trump brothers and Hut 8 Mining, which holds an 80% stake in American Bitcoin, will maintain a dominant 98% ownership in the newly merged company.
Eric Trump, who currently serves as Chief Strategy Officer, is expected to continue in that leadership role. He has described the mission as creating a “national champion” for American Bitcoin mining, focused on secure, scalable, and sustainable operations.
“We’re building an American platform for Bitcoin accumulation,” said Eric Trump in a recent statement, signaling a bold vision for digital assets in the U.S.
Why This Merger Matters
This merger marks a major milestone in the convergence of crypto and traditional finance. As more institutional investors explore indirect exposure to digital currencies, public listings like this offer a regulated and transparent entry point.
Key strategic advantages of the merger include:
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Operational synergy: Gryphon brings mining expertise and infrastructure, while American Bitcoin offers branding, strategic influence, and capital.
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Increased scale: The new entity will have significantly more mining power and lower costs, improving competitiveness.
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Visibility and trust: Going public on Nasdaq enhances investor confidence and attracts capital from retail and institutional sectors.
The merger also reflects the ongoing consolidation in the crypto mining industry, as firms seek efficiency and resilience in a highly volatile sector.
The Trump Family’s Expanding Crypto Footprint
The Trump family’s involvement in crypto is no longer a side story—it’s becoming a major chapter. Through American Data Centers, Eric Trump and Donald Trump Jr. joined the digital asset industry in March 2025, signaling long-term interest beyond just branding.
This isn’t the family’s first crypto initiative. Previous ventures include:
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The launch of Trump-branded meme coins
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The formation of World Liberty Financial, an alternative digital finance platform
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Public endorsements of deregulated crypto frameworks during campaign trails
Former President Donald Trump has repeatedly voiced support for U.S.-led crypto innovation, arguing for reduced government interference and freer market mechanisms.
Market Reacts: Gryphon Shares Soar
The news of the merger sent Gryphon Digital Mining’s stock soaring, with share prices tripling in the hours after the announcement. Hut 8 Mining, a significant shareholder, also saw a gain of over 11%.
Analysts suggest that investor excitement stems from:
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The Trump brand’s strong name recognition and influence
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The potential for increased mining capacity and profitability
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Growing mainstream interest in Bitcoin and alternative assets amid inflation and political uncertainty
Financial experts also note that this public listing may become a template for other crypto firms looking to tap into public markets.
Crypto in the 2024–2025 Political Landscape
This move arrives at a politically charged time for cryptocurrency in the United States. With the 2024 presidential election in the rearview and regulatory debates heating up, crypto has become a focal issue.
While the SEC and other federal agencies continue to push for tighter oversight, Trump-aligned figures promote a contrasting vision—one where the U.S. leads global crypto innovation rather than restricting it.
The American Bitcoin–Gryphon merger may serve as a symbol of that ideology, combining business interests with political narrative.
What’s Next for American Bitcoin?
If the deal receives shareholder and regulatory approval, the merged entity could start trading by Q3 2025. The management team will focus on expanding infrastructure, optimizing energy use, and increasing hash power to remain competitive against global rivals.
In the coming months, expect:
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Announcements of new mining sites or partnerships
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Further involvement from Trump-affiliated businesses
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Increased scrutiny from both investors and regulators
Despite uncertainties, the merger positions American Bitcoin as a formidable player in the global Bitcoin mining ecosystem.