$BTC American Bitcoin made a deal to be acquired by publicly traded Gryphon Digital Mining Inc. in a stock-for-stock merger transaction.

The combined company will operate as American Bitcoin, trading under the symbol "ABTC" and led by American Bitcoin's management team, according to a release.

"Our vision for American Bitcoin is to create the most investable bitcoin accumulation platform in the market," said co-founder and chief strategy officer Eric Trump, son of the US president.