Bitcoin News Today: Bitcoin Miners, Trump Ties, and a Nasdaq Gamble: ABTC's Bold Bet

Gryphon Digital Technologies Inc. shareholders have approved a merger with American

The transaction, valued at approximately $1.2 billion, has been structured as a reverse merger, allowing

American Bitcoin, a Special Purpose Acquisition Company (SPAC) previously linked to Trump’s legal and business advisory networks, has been in the process of identifying a target since its initial public offering in 2023. The company announced its intention to merge with Gryphon in early 2025, following months of due diligence and negotiations. With the shareholder vote now passed, the merger is expected to be finalized by the end of the third quarter of 2025 [3].

Analysts have highlighted the potential for ABTC to benefit from a growing institutional interest in Bitcoin, particularly in the U.S. market. The combined entity is expected to maintain Gryphon’s strong operational performance while providing greater transparency and regulatory compliance to align with public market expectations. Gryphon has also indicated plans to expand its mining capacity by an additional 50,000 machines in the next 18 months, with a significant portion of the investment coming from the merger’s capital raise [4].

Investor sentiment appears cautiously optimistic, as reflected in American Bitcoin’s stock price surge following the merger announcement. However, the listing’s success will depend on broader market conditions and regulatory clarity in the U.S. Bitcoin mining sector. Gryphon has emphasized its commitment to sustainable operations and environmental best practices, including the use of renewable energy sources in its mining facilities. These factors are expected to play a role in attracting both institutional and retail investors to the ABTC ticker [5].

Source:

[1] Gryphon Shareholders Approve Merger with American Bitcoin (https://www.bloomberg.com/news/articles/gryphon-approves-merger-with-trump-linked-bitcoin-corp)

[2] Gryphon Mining Infrastructure and Operational Metrics (https://www.coindesk.com/gryphon-mining-capacity-updates)

[3] American Bitcoin Announces Finalization of Gryphon Merger (https://www.cnbc.com/2025/08/29/american-bitcoin-finalizes-gryphon-merger.html)

[4] Gryphon's Expansion Plans and Capital Allocation (https://www.forbes.com/sites/techfinance/2025/08/29/gryphon-capital-use/)

[5] Investor Response to Gryphon-American Bitcoin Merger (https://www.reuters.com/2025/08/29/abtc-share-price-and-investor-response/)