American Bitcoin: The New Frontier of Cryptocurrency Investment

In a bold move that has shaken the crypto world, American Bitcoin, a majority-owned subsidiary of Hut 8, is gearing up to go public through a merger with Gryphon Digital Mining (GRYP), both backed by the Trump family. This game-changing development has sent shares of Hut 8 soaring by an impressive 12% in pre-market trading, while Gryphon’s shares skyrocketed over 200% in response to the announcement.

How the Trump Brothers are Stepping into the Crypto Scene

American Bitcoin, a venture co-owned by Eric Trump and Donald Trump Jr., recently merged with their firm, solidifying the brothers’ 20% stake in this burgeoning crypto enterprise. Hut 8 retains an 80% majority ownership, ensuring robust support as the company prepares for its public debut.

What Does This Mean for Investors?

The merger set to be finalized as early as Q3 2025 will lead to Gryphon officially acquiring American Bitcoin. The newly formed entity will take on the American Bitcoin name and be listed on Nasdaq under the ticker “ABTC.” Analysts anticipate this move will attract significant investments, giving the new company access to capital primarily focused on scaling up bitcoin (BTC) accumulation at a lower cost.

Leadership and Future Goals of American Bitcoin

Despite the merger, American Bitcoin will maintain its existing leadership structure, keeping CEO Mike Ho at the helm. “This transaction represents our commitment to scaling American Bitcoin reliably as a strategic vehicle for low-cost Bitcoin accumulation,” stated Asher Genoot, CEO of Hut 8, highlighting the opportunity for independent growth that this public offering will provide.

What’s Next for Stakeholders?

Post-merger, current shareholders of American Bitcoin are positioned to own approximately 98% of the combined entity, with Hut 8 continuing as the dominant shareholder while also acting as the exclusive partner for infrastructure and operations. This set-up promises a robust foundation as American Bitcoin charts its path in the competitive cryptocurrency landscape.