Las Vegas, NV (August 30, 2025) – In a major development for the crypto mining industry, Gryphon Digital Mining has announced that its shareholders have overwhelmingly approved a merger with American Bitcoin, a company closely linked to the Trump family. This transformative all-stock transaction will form a powerful entity poised to reshape the U.S. Bitcoin mining landscape, with trading of the combined company—rebranded as American Bitcoin and ticker symbol “ABTC”—set to begin on the Nasdaq on September 2, 2025.

Shareholders Greenlight Merger, Reverse Stock Split

The shareholder vote in favor of the proposed merger was announced on Friday. As a prerequisite to the deal, Gryphon will enact a 5-to-1 reverse stock split by 5:00 pm ET on September 2, reducing its outstanding shares from approximately 82.8 million to 16.6 million. This move streamlines the capital structure, boosts share price per unit, and paves the way toward a smoother union with American Bitcoin.

The newly merged entity, American Bitcoin, is set to begin public trading under the significantly rebranded identity “ABTC,” offering investors easier access to a uniquely positioned, large-scale Bitcoin miner with notable treasury holdings and ambitious growth plans.

Trump Family Expands Its Crypto Ambitions

American Bitcoin, founded by Donald Trump Jr. and Eric Trump earlier this year, is among the most prominent examples of traditional family wealth intersecting with the crypto sector. The firm originated from a rebranded American Data Center and has notable ties to mining infrastructure heavyweight Hut 8, a Nasdaq-listed company itself. Through this merger, American Bitcoin sidesteps the complexities, costs, and regulatory uncertainty of a separate IPO—leveraging Gryphon’s existing Nasdaq status to fast-track entry into public markets.

As of August 2025, American Bitcoin claims on-chain Bitcoin holdings of approximately 215 BTC. However, independent data tracked by BitcoinTreasuries.NET suggests the company’s reserves could be as high as 1,941 BTC. With Bitcoin currently trading above $108,000, this would value the potential holdings at over $200 million, reflecting the company’s aggressive Bitcoin accumulation strategy.

Strategic Impact: A New Giant in Public Crypto Mining

The merger is widely viewed as a strategic step for both parties. Gryphon Digital Mining brings low-cost, efficient mining operations and an established public listing, while American Bitcoin contributes deep-pocketed backers, publicity, and a treasury-focused growth approach. The combined operations aim to challenge established industry leaders such as Riot Platforms, Marathon Digital Holdings, and CleanSpark—all of which have benefited from the recent bull run in crypto assets and a global shift toward regulated, transparent mining businesses.

Since the announcement, Gryphon’s shares have experienced elevated volatility, surging over 200% after the merger was first publicized before settling back with a 10% decline following the shareholder vote. This volatility echoes investor enthusiasm for U.S.-based mining operations amid renewed optimism surrounding crypto-focused companies, especially those with direct political connections.

Broader Context: U.S. Public Firms Deepen Bitcoin Exposure

This latest merger comes amid a rising trend of public companies adding Bitcoin to their balance sheets. According to public filings and blockchain analytics, listed firms globally now hold nearly 990,000 BTC—roughly $107 billion at current prices. The leader in corporate Bitcoin accumulation is MicroStrategy, with over 631,000 BTC, a strategy that has paid significant dividends throughout multiple bull cycles.

Following this consolidation, American Bitcoin signals its intent to expand globally. Reports from the Financial Times indicate the company is exploring acquisitions in Hong Kong and Japan, tapping into deep retail trading cultures and capturing opportunities as Asian jurisdictions increasingly open to crypto regulation. Hong Kong’s position as a crypto hub and Japan’s developed financial sector could provide American Bitcoin with regulated pathways for both institutional and retail investment across continents.

Trump Family’s Growing Influence in Crypto

This is the latest in a series of high-profile crypto ventures involving the Trump family:

• Donald Trump recently disclosed over $57 million in income from World Liberty Financial, a crypto finance platform, and supported a $1.5 billion token buyback in conjunction with ALT5 Sigma.
• Trump Media & Technology Group, parent of Truth Social, has also outlined plans to raise $2.5 billion to create its own Bitcoin treasury, seeking to become a central node for conservative voices in the digital asset economy.
• Ahead of the 2024 presidential election, then-President Trump urged regulatory changes to open 401(k) retirement plans to cryptocurrencies and nominated digital asset proponent Stephen Miran to the Federal Reserve Board of Governors—a sign of enduring political ambition for crypto-friendly policy in the U.S.

The Trump family’s multiple forays into digital assets have further cemented their public image as advocates of financial innovation, broadening the spectrum for institutional adoption and political acceptance of cryptocurrencies.

Challenges and Outlook

The American Bitcoin-Gryphon merger is not without challenges. U.S. Bitcoin miners face an increasingly competitive landscape, rising network difficulty, and ongoing debate over energy usage and environmental impact. The Biden Administration, for example, has recently proposed taxes aimed specifically at crypto miners, arguing for a more sustainable approach to resource consumption by blockchain networks.

Still, with Bitcoin’s price holding above $100,000 and global mining power shifting increasingly toward North America, the new American Bitcoin entity will enter the market at a time of heightened institutional adoption and regulatory clarity. The backing of high-profile investors and the Trump family brand is likely to attract media attention, retail investment, and strategic partnerships in a sector rapidly maturing beyond its volatile origins.

Conclusion

The merger of Gryphon Digital Mining with Trump-linked American Bitcoin marks one of the most significant corporate actions in the public Bitcoin mining sector in 2025. As the newly minted American Bitcoin prepares to debut on Nasdaq, its blend of political celebrity, strong capital position, and global aspirations signals a pivotal moment for the cryptocurrency industry—bridging Wall Street, Washington, and the blockchain frontier.

Market participants, institutional investors, and the broader crypto community will be watching closely as ABTC begins trading, tracking not just a new stock, but the evolution of crypto’s place at the core of American finance and policy.