Trump-Linked American Bitcoin to Go Public in $700M Merger Deal

🔺Eric Trump, who co‑founded American Bitcoin Corp. earlier in 2025, is set to receive approximately 367 million shares of Gryphon Digital Mining Inc. through a stock-for-stock merger.

🔺With Gryphon shares trading around $1 per share, that implies a paper value of about $367 million for his stake.

🔺However, a recent private share sale suggested a much lower valuation (~$0.25 per share), which would value his holdings closer to $92 million.

🔺 The combined company will operate under the American Bitcoin brand and list on the Nasdaq under ticker “ABTC”, likely by Q3 2025, pending regulatory approvals.

🔺Hut 8 Corp., a Canada-based crypto infrastructure firm, owns 80% of American Bitcoin; Eric Trump and his brother Donald Jr. hold the remaining 20%.

🔺The company is targeting consolidation, scale, and ambition: it's already mined over 200 BTC and has raised $220 million for expansion. It aims to control ~15% of U.S. mining capacity post-merger.

🔺The merged entity will rank among the largest publicly listed Bitcoin miners in the U.S., with market cap projected over $700 million post-merger.

🔺By consolidating mining facilities and infrastructure, it aims to reduce costs and boost operational efficiency.

🔺The Trump family’s name brings media attention and potential access to institutional capital—but also regulatory scrutiny. Analysts say this heightens both visibility and vulnerability

🔺 The potential $367 M value is based on public share prices; private valuations suggest it may be far less.

🔺Regulatory watch: With high-profile involvement and crypto consolidation in focus, SEC scrutiny could increase.

🔺Industry consolidation: This merger reflects a broader trend—larger crypto firms merging to boost efficiency and attract capital

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