Gryphon Digital Mining is determined to merge with Trump-linked American Bitcoin in September, with its shares already up 231% for the reason that Would per chance announcement.
Gryphon’s shares jumped 42.1% on Thursday to $1.75 from $1.35, per Google Finance. The rally came as American Bitcoin’s finest investor, Hut 8 CEO Asher Genoot, suggested Reuters the merger between American Bitcoin and Gryphon is expected to be finalized soon, with purchasing and selling dwelling to launch in early September.
In accordance to the Reuters file, the merger can be all-stock. The unique entity will retain the name American Bitcoin, and its two founders — Eric Trump and Donald Trump, Jr. — and Hut 8 will have 98% of the entity.
Anchor investors own been finalized. Two investors in American Bitcoin are Cameron and Tyler Winklevoss, the co-founders of cryptocurrency alternate Gemini. Cointelegraph reached out to American Bitcoin for stammer, but had now now not obtained a answer at time of newsletter.
American Bitcoin has been quietly amassing Bitcoin (BTC), forming a de facto BTC treasury. It has also purchased Bitcoin mining gear and is taking a look to produce a firm in Asia to grow its BTC reserves.
Policy tone shift prompts IPOs
American Bitcoin goes public as more crypto corporations note the equivalent path. Circle went public in June 2025, and its stock rose 167% on the day of its debut. Cryptocurrency alternate Bullish went public in August, and its stock jumped as high as 218% on its debut.
In December 2024, crypto asset management firm Bitwise predicted that 2025 would be the 300 and sixty five days of the crypto initial public offering. Diversified corporations rumored to be making full of life for an initial public offering are Gemini, which has filed an IPO preparatory salvage with the US Securities and Change Price, and cryptocurrency alternate Kraken.
The wave of crypto corporations going or making full of life to toddle public in the United States has coincided with a turnaround in digital asset policy in the country. On March 6, US President Donald Trump signed an govt snort rising a nationwide strategic Bitcoin reserve and digital asset stockpile. On July 18, he signed the GENIUS Act, which regulates stablecoins and their issuers, into regulations.
