Finance

Trump-Linked American Bitcoin Merger Fuels Gryphon Digital Mining’s 231% Surge: What’s Next?

Gryphon’s stock surged on merger with American Bitcoin (linked to Trump sons); new entity aims for early Sept trading.

August 28, 2025, 7:54 PM

Line graph depicting the growth of Bitcoin's value over time.

As Bitcoin continues its volatile journey, this chart illustrates the cryptocurrency's fluctuating growth over time. By Miami Daily Life / MiamiDaily.Life.

Executive Summary

Gryphon Digital Mining’s stock surged 231% since May, with a 42.1% jump on Thursday, as its all-stock merger with American Bitcoin, a company linked to Eric Trump and Donald Trump, Jr., is expected to finalize for early September trading.

The combined entity will be named American Bitcoin, with Eric Trump, Donald Trump, Jr., and Hut 8 owning 98% of the new company, and anchor investors including Cameron and Tyler Winklevoss.

The merger aligns with a broader trend of crypto companies going public and follows significant U.S. regulatory shifts, including President Trump’s executive order for a national strategic Bitcoin reserve and the signing of the GENIUS Act for stablecoins.

The Story So Far

The significant surge in Gryphon Digital Mining’s stock is primarily driven by its imminent all-stock merger with American Bitcoin, a company founded by Eric Trump and Donald Trump, Jr., which will result in a new entity with substantial ownership by the Trump family and Hut 8. This merger is unfolding amidst a broader trend of cryptocurrency companies seeking public listings and expanding their market presence, further bolstered by a more favorable regulatory environment established under President Trump, including an executive order for a national Bitcoin reserve and the signing of the GENIUS Act for stablecoin regulation.

Why This Matters

The impending merger of Gryphon Digital Mining and American Bitcoin, featuring the involvement of Eric Trump and Donald Trump, Jr., highlights a significant acceleration in the mainstreaming of cryptocurrency companies through public markets. This move, alongside a broader wave of crypto IPOs, is bolstered by a progressively favorable regulatory environment under President Trump, marked by initiatives like a national strategic Bitcoin reserve and clear stablecoin frameworks, collectively signaling a pivotal shift towards greater institutional and governmental acceptance of digital assets.

Who Thinks What?

American Bitcoin, its founders Eric Trump and Donald Trump, Jr., and key investors like Hut 8 and the Winklevoss brothers, are actively pursuing the merger and strategic expansion, signaling confidence in the new entity and the cryptocurrency market.

Investors are demonstrating strong interest and confidence in publicly listed crypto companies, as evidenced by Gryphon Digital Mining’s significant stock surge and the successful IPOs of other firms like Circle and Bullish.

President Donald Trump and the US government are creating a supportive and regulated environment for digital assets through actions like establishing a national Bitcoin reserve and signing the GENIUS Act into law.

Gryphon Digital Mining’s stock has surged 231% since May, with a notable 42.1% jump on Thursday, as its all-stock merger with American Bitcoin, a company linked to Eric Trump and Donald Trump, Jr., is expected to finalize soon, targeting early September trading. This significant rally comes amidst a broader trend of cryptocurrency companies going public and evolving digital asset regulation in the United States.

Merger Details and Ownership

The upcoming merger, first announced in May, will see the new combined entity retain the name American Bitcoin. According to a Reuters report, the transaction will be all-stock, with American Bitcoin’s two founders — Eric Trump and Donald Trump, Jr. — alongside Hut 8, owning 98% of the new company.

Hut 8 CEO Asher Genoot, American Bitcoin’s largest investor, informed Reuters that the merger is anticipated to be finalized shortly, with trading set to commence in early September. Anchor investors have already been secured, including Cameron and Tyler Winklevoss, co-founders of the cryptocurrency exchange Gemini.

American Bitcoin’s Strategy and Market Context

American Bitcoin has been strategically accumulating Bitcoin, effectively building a BTC treasury. The company has also invested in Bitcoin mining equipment and is reportedly seeking to acquire a company in Asia to further expand its BTC reserves.

Gryphon’s rising share price and the impending merger align with a broader surge in crypto companies seeking public listings. This trend has seen several high-profile companies debut on public markets, attracting significant investor interest.

Wave of Crypto IPOs and Regulatory Shifts

The past year has witnessed a growing number of cryptocurrency firms going public, fulfilling a prediction made by crypto asset management company Bitwise in December 2024. Circle, for instance, went public in June 2025, with its stock rising 167% on its debut day, while cryptocurrency exchange Bullish saw its stock jump as high as 218% in August.

Other major players like Gemini and Kraken are also rumored to be preparing for initial public offerings, with Gemini having already filed an IPO preparatory form with the US Securities and Exchange Commission. This wave of public listings in the United States coincides with a significant shift in the country’s digital asset policy.

On March 6, President Donald Trump signed an executive order establishing a national strategic Bitcoin reserve and digital asset stockpile. Furthermore, on July 18, President Trump signed the GENIUS Act into law, which provides a regulatory framework for stablecoins and their issuers.

The impending merger between Gryphon Digital Mining and American Bitcoin, coupled with American Bitcoin’s strategic growth and a favorable regulatory environment, positions the new entity within a dynamic and expanding cryptocurrency market that is increasingly embracing public listings.