Bitcoin News Today: American Bitcoin to Merge with Gryphon in $350M Deal for Nasdaq Listing

American Bitcoin Corp. is set to merge with Gryphon Digital Mining, forming a new entity expected to list on Nasdaq under the ticker symbol ABTC by Q3 2025. The combined company, to be led by American Bitcoin’s management, will operate under the American Bitcoin brand and is projected to control approximately 15% of the U.S. Bitcoin hashrate [3]. The merger is valued at over $350 million and marks one of the largest consolidations in the U.S. crypto mining sector [2].

Eric Trump, who holds a prominent role in the leadership of American Bitcoin, is set to hold around 350 million shares in the new entity, with his stake estimated at $367 million, depending on the valuation of Gryphon shares before the merger announcement [5]. The merged firm is anticipated to have a post-merger market capitalization in excess of $700 million, making it one of the most capitalized crypto firms listed publicly in the United States [6].

The strategic consolidation aims to enhance operational efficiency, reduce costs, and strengthen global competitiveness in Bitcoin mining. The merger brings together the technologies and mining assets of both companies, with a focus on expanding high-efficiency operations and improving visibility on Nasdaq [4]. A recent $220 million funding round has also been announced to support mining operations ahead of the anticipated Nasdaq listing [11].

Analysts view the deal as a “strategic shift” for U.S. crypto companies, potentially attracting a new wave of institutional capital into the sector [7]. However, concerns persist regarding the concentration of market power and its long-term implications for industry stability. The U.S. Securities and Exchange Commission (SEC) has previously warned about the risks of excessive concentration and speculative bubbles driven by high-profile individuals [8].

The involvement of Eric Trump has drawn additional attention from regulators and the media. The New York Times has highlighted the potential for increased regulatory scrutiny and investor focus due to his family’s prominence [9]. Meanwhile, industry observers suggest the merger could accelerate a trend of consolidation among crypto operators, a pattern that has gained momentum in recent quarters [10].

The broader context includes a sector experiencing growth, with Bitcoin mining increasing by 20% in Q1 2024. This growth has been attributed to increased regulatory oversight, capital inflows, and evolving business models in the crypto-finance space. As the industry matures, large, well-capitalized entities like the new American Bitcoin may play a more defining role in shaping its trajectory.

While the merger promises greater computing power and cost efficiencies, observers remain cautious about the long-term implications of market consolidation. Whether the entry of ABTC on Nasdaq heralds a new era of growth or the onset of a speculative bubble will depend on regulatory and market responses to the newly formed entity [13].

Sources:

[1] AInvest. (2025). Eric Trump to Hold 367M Stake in Gryphon Post-Merger. https://www.ainvest.com/news/bitcoin-news-today-eric-trump-hold-367m-stake-gryphon-post-merger-american-bitcoin-2507/

[2] The. (2025). Eric Trump launches the challenge to crypto mining and Bitcoin 350 million merger and debut on Nasdaq. https://en.cryptonomist.ch/2025/07/31/eric-trump-launches-the-challenge-to-crypto-mining-and-bitcoin-350-million-merger-and-debut-on-nasdaq/

[3] Medial. (2025). The Inside Story of Eric Trump's American Bitcoin. https://medial.app/news/the-inside-story-of-eric-trumps-american-bitcoin-d143c3e7ecb39

[4] The. (2025). Eric Trump's Bitcoin Mining Stake Could Hit $367 Million in Public Debut. https://www.cryptotimes.io/2025/08/01/eric-trumps-bitcoin-mining-stake-could-hit-367-million-in-public-debut/

[5] MSN. (2025). Trump-linked American Bitcoin raises $220 million to boost Bitcoin mining plot Nasdaq listing. http://www.msn.com/en-us/money/news/trump-linked-american-bitcoin-raises-220-million-to-boost-bitcoin-mining-plot-nasdaq-listing/ar-AA1J9p33

[6] ChainCatcher. (2025). Gryphon plans to merge with American Bitcoin, Trump's son holds shares worth approximately $367 million. https://www.chaincatcher.com/en

[7] Coinlive. (2025). Eric Trump's Stake in American Bitcoin Corp. to Merge with Gryphon Digital Mining. https://www.coinlive.com/news-flash/864098

[8] Coincu. (2025). Eric Trump to Hold $367M Stake in Crypto Firm Merger. https://coincu.com/news/eric-trump-gryphon-mining-merger/

[9] Binance. (2025). Top Cryptocurrency News Today. https://www.binance.com/en-ZA/square/news/all