Bitcoin News Today: Trump-Backed Bitcoin Venture Poised to Go Public in September

Gryphon Digital Mining Inc. has experienced a significant surge in its stock price, rising 231% since the announcement of a merger with American Bitcoin. The merger, which is expected to be finalized in early September 2025, is set to create a publicly traded entity under the ticker symbol ABTC on the Nasdaq. This development has been met with growing investor interest, particularly as the broader crypto industry continues to see increased regulatory clarity and market participation in the United States [2].

The merger between Gryphon and American Bitcoin is structured as an all-stock transaction. Following the deal's completion, the new entity will retain the name American Bitcoin, and the ownership structure will remain largely concentrated, with Eric Trump, Donald Trump Jr., and Hut 8 CEO Asher Genoot collectively controlling 98% of the combined company [2]. Hut 8, a major stakeholder in American Bitcoin, is also facilitating the deal by providing its infrastructure expertise and supporting the new entity’s financing needs [4].

Investor confidence has been bolstered by the inclusion of high-profile anchor shareholders in the new venture. The co-founders of Gemini, Cameron and Tyler Winklevoss, have joined as key investors, signaling institutional support for the merger and the future direction of the firm [2]. This backing aligns with broader trends in the crypto space, as several firms, including Circle and Bullish, have recently gone public with notable stock price appreciation [2].

The timing of the merger also appears strategic, coinciding with a broader shift in U.S. digital asset policy. In March 2025, President Donald Trump signed an executive order establishing a national strategic Bitcoin reserve, followed by the GENIUS Act in July, which introduced regulatory clarity for stablecoins [2]. These developments have created a more favorable environment for crypto firms to pursue public listings, with American Bitcoin joining a growing list of firms seeking to capitalize on the market shift.

Financial details from Gryphon’s recent filings underscore the company's ambitious growth strategy. Gryphon submitted a $5 billion mixed securities shelf filing, which supports its expansion plans and aligns with the merger’s objective of building a robust Bitcoin infrastructure. Despite a challenging financial quarter marked by reduced operating cash flow and heightened costs, Gryphon’s leadership remains optimistic about the merger’s potential to drive profitability and scale [1].

The merger is also being viewed through the lens of competitive pressures within the crypto mining industry. Gryphon’s strategy to consolidate with a Trump-linked firm has sparked debates over potential conflicts of interest, though Hut 8’s Genoot has stated that the new company’s operations are independent of government influence [4]. As American Bitcoin builds its Bitcoin treasury through mining and acquisitions, it is positioning itself to compete in a rapidly evolving market landscape.

With the merger nearing completion, the new entity is expected to begin trading on the Nasdaq in early September, marking a pivotal moment for both Gryphon and American Bitcoin. The combination is anticipated to enhance the firm’s market presence, attract a broader investor base, and provide greater liquidity for its Bitcoin holdings [4].

Source:

[1] Gryphon Digital Mining Inc. GRYP News 2025_08_28 (https://stockstotrade.com/news/gryphon-digital-mining-inc-gryp-news-2025_08_28/)

[2] Gryphon Stock Soars 231% Ahead of Coming American ... (https://cointelegraph.com/news/gryphon-stock-soars-september-american-bitcoin-merger)

[3] The unlisted firm's merger with Gryphon Digital Mining ... (https://www.facebook.com/cnn/posts/the-unlisted-firms-merger-with-gryphon-digital-mining-is-set-to-be-finalized-sho/1152****00088133/)

[4] American Bitcoin, backed by Trump sons, aims to start ... (https://www.cnn.com/2025/08/28/business/american-bitcoin-trump-sons)