Bitcoin News Today: Bitcoin Miners Unite: Trump Ties Fuel Nasdaq Push

Gryphon Digital Mining, Inc. has secured stockholder approval for a stock-for-stock merger with American Bitcoin, a venture linked to Donald Trump's family. The deal, approved on August 27, 2025, marks a significant milestone for both companies as it clears the path for the merged entity to list under the ticker symbol "ABTC" on Nasdaq following a reverse stock split. The reverse split is set to occur on September 2, 2025, at a ratio of 5-for-1, reducing the company's outstanding shares from approximately 82.8 million to 16.6 million, excluding new issuances related to the merger [1].

The merger involves Gryphon Digital Mining, a publicly traded Bitcoin miner based in Las Vegas, Nevada, and American Bitcoin, which operates under the brand as a subsidiary of Hut 8 Corp. The rebranded entity is expected to leverage Gryphon's existing Nasdaq listing to bypass the traditional initial public offering (IPO) process, streamlining the route to public markets [2]. The move aligns with a broader trend in the public market where companies are increasingly adopting aggressive strategies to accumulate Bitcoin reserves, with American Bitcoin positioning itself as a "pure-play" Bitcoin mining company [2].

The reverse stock split is a strategic move to meet Nasdaq's minimum bid price requirements, ensuring compliance with listing standards while preserving the market capitalization and proportional ownership of stockholders. The adjustment will automatically apply to shares issuable upon exercise or conversion of outstanding equity awards and warrants, with proportional adjustments made in accordance with the terms of such awards [1]. The implementation of the reverse stock split is expected to be seamless for registered stockholders, who will receive post-split shares without needing to take any action. Shareholders holding shares through brokerage accounts or other nominee entities will also experience automatic adjustments [1].

Post-merger, the combined entity will operate under the name "American Bitcoin," leveraging the expertise of Hut 8 in mining operations and infrastructure development, coupled with the commercial acumen and capital market insights of Eric Trump. The merger is anticipated to create a more scalable and investor-friendly platform by integrating Gryphon’s low-cost mining infrastructure with American Bitcoin's aggressive Bitcoin accumulation strategy [2]. This strategic combination is expected to enhance the operational efficiency and financial strength of the new entity, aligning it with broader industry trends in Bitcoin treasury management [2].

The stock market has already responded to the news, with Gryphon’s stock dropping over 10% on Friday following the announcement. The decline partially retraced the previous day's 41% rally, highlighting the volatility and investor sentiment surrounding the merger. Despite the short-term fluctuations, the long-term implications of the merger are seen as positive, particularly for investors seeking exposure to the Bitcoin mining sector [2]. The strategic alignment of Gryphon and American Bitcoin underscores a growing trend among public companies to consolidate resources and expertise in pursuit of scalable and sustainable growth in the Bitcoin mining industry [1].

The merger and subsequent reverse stock split reflect a broader industry shift toward strategic consolidations and structured financing to optimize Bitcoin treasury management. As companies like American Bitcoin and Gryphon continue to streamline their operations and expand their Bitcoin holdings, the competitive landscape of the Bitcoin mining sector is expected to evolve, driven by innovation and operational efficiency [1]. The successful approval of the merger by Gryphon's stockholders signifies a pivotal moment for the combined entity, setting the stage for a Nasdaq debut and positioning it for potential long-term growth in the cryptocurrency market.

Source: [1] Gryphon Digital Mining, Inc. (ir.gryphondigitalmining.com) [2] Cointelegraph (cointelegraph.com)