Bitcoin News Today: Trump-Backed Crypto Merge Powers Gryphon's Record Surge

Gryphon Digital Mining’s stock has surged significantly in recent days, driven by anticipation surrounding its impending merger with American Bitcoin. Gryphon’s shares climbed 9.09 percent on August 28, 2025, continuing a 231 percent rally since the merger was first announced in May. The merger, which is expected to be finalized shortly, will create a publicly traded entity under the ticker ABTC, with trading anticipated to commence in early September [1].

American Bitcoin, backed by Donald Trump’s sons Eric and Donald Trump Jr., is set to merge with Gryphon in an all-stock deal. The new entity will retain the name American Bitcoin and be controlled by Eric Trump, Donald Trump Jr., and Hut 8, a cryptocurrency mining firm that holds 80 percent of American Bitcoin. Together, these three parties will own 98 percent of the new firm, with anchor investors including the Winklevoss twins, co-founders of Gemini, and other prominent figures [2].

The merger marks a significant step in the broader trend of crypto companies going public in the United States. Following the success of recent IPOs such as Circle and Bullish, Gryphon’s move aligns with increased regulatory clarity and a more favorable policy environment for digital assets. In March 2025, President Donald Trump signed an executive order to establish a national strategic Bitcoin reserve, and in July, the GENIUS Act was passed to regulate stablecoins. These developments have created a more structured framework for crypto firms to access public markets [3].

Despite Gryphon’s recent stock volatility—its shares traded between $1.32 and $1.38 on August 6—investor confidence has been bolstered by the company’s $5 billion mixed securities filing. This fundraising effort supports Gryphon’s aggressive growth strategy and underscores its ambition to expand its Bitcoin mining operations. The company has also partnered with Hut 8’s subsidiary to leverage shared expertise and resources, further solidifying its competitive position in the rapidly evolving crypto landscape [1].

The merger is expected to position American Bitcoin as a major player in the U.S. Bitcoin infrastructure sector. By combining Gryphon’s public market access with American Bitcoin’s growing mining operations and treasury strategy, the new entity aims to become “the world’s largest, most efficient pure-play Bitcoin miner,” according to Asher Genoot, CEO of Hut 8. American Bitcoin has already begun acquiring Bitcoin and mining equipment and is exploring expansion opportunities in Asia and beyond [4].

While Gryphon has faced financial challenges, including declining operating cash flow and negative margins across key profitability metrics, the merger is seen as a strategic turning point. The combined entity is expected to benefit from shared resources, expanded market reach, and a more robust capital structure. Analysts suggest that the merger could catalyze Gryphon’s transformation into a more stable and profitable firm, though the company will need to address its current fiscal weaknesses to realize long-term gains [1].

The Trump family’s increasing involvement in the crypto sector, through ventures such as American Bitcoin and World Liberty Financial, has drawn both support and scrutiny. Their advocacy for decentralized financial systems, including stablecoins and alternative payment platforms, reflects a broader push to challenge traditional banking structures. However, these initiatives have also raised concerns about conflicts of interest and regulatory oversight, particularly as the family continues to expand its influence across financial, real estate, and technological ventures [5].

Source: [1] Gryphon Digital Mining Inc. Gears Up for Strategic Merger (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] American Bitcoin, backed by Trump sons, aims to start trading (https://finance.yahoo.com/news/american-bitcoin-backed-trumps-sons-063405780.html) [4] American Bitcoin, backed by Trump sons, aims to start trading (https://finance.yahoo.com/news/american-bitcoin-backed-trumps-sons-063405780.html) [5] Debanked And 'Downtrodden' Eric, Donald Jr. Inspired (https://finance.yahoo.com/news/debanked-downtrodden-eric-donald-jr-101123309.html)