The cryptocurrency world is witnessing a seismic shift as American Bitcoin, founded by Eric Trump, Donald Trump, and Hut 8 Corp., completes its high-profile merger with Gryphon Digital Mining Inc..
The newly consolidated powerhouse, officially branded American Bitcoin, is set to debut on the NASDAQ exchange under the ticker ABTC in early September 2025. With this move, the Trump-backed company aims to challenge the dominance of established Bitcoin treasuries and position itself as a major global player in BTC accumulation and mining.
1. American Bitcoin Finalizes Merger With Gryphon Digital Mining
1.1 The Merger That Shook the Crypto Industry
After months of planning and negotiations, American Bitcoin completed its stock-for-stock merger with Gryphon Digital Mining, a major player in institutional Bitcoin mining.
The deal was overwhelmingly approved by Gryphon shareholders during a special meeting held on July 25, 2024, with the company’s board of directors giving unanimous consent.
This merger represents more than a simple corporate restructuring – it marks the beginning of a new institutional strategy to accumulate massive Bitcoin holdings while establishing itself as a leader in low-cost BTC mining operations.
1.2 Reverse Stock Split and Nasdaq Readiness
As part of the merger conditions, Gryphon will undergo a 5-for-1 reverse stock split on or before September 2, 2025, drastically reducing its outstanding shares from approximately 82.8 million to just 16.6 million.
This move is designed to streamline ABTC’s share structure and boost institutional investor confidence ahead of the Nasdaq listing.
For shareholders, the process is fully automated:
- Brokerage account holders: No action required.
- Uncertificated shareholders: No action required.
- Certificated shareholders: Must follow instructions from Continental Stock Transfer & Trust Company.
The reverse stock split is widely seen as a strategic maneuver to ensure ABTC’s smooth entry into the Nasdaq spotlight.
2. The Vision Behind American Bitcoin
2.1 Leadership Under Eric Trump and Hut 8
The American Bitcoin roadmap is heavily shaped by its three controlling stakeholders: Eric Trump, Donald Trump, and Hut 8 Corp. Together, they own an astonishing 98% of the newly formed entity, granting them near-complete control over its strategic direction.
Eric Trump, speaking at Consensus 2025, outlined ABTC’s ambitious plan:
“We’re going to accumulate a tremendous amount of Bitcoin, but we also want to mine it at the lowest cost possible.”
With Hut 8’s cutting-edge mining technology and Eric Trump’s aggressive acquisition strategy, ABTC is positioning itself to compete directly with industry leaders like Michael Saylor’s MicroStrategy.
2.2 Competing With MicroStrategy’s Massive Holdings
Currently, MicroStrategy dominates the corporate Bitcoin treasury market, holding approximately 632,457 BTC, valued at $68.2 billion.
In contrast, American Bitcoin has so far accumulated 215 BTC, worth around $23 million, but has no plans to slow down.
The company’s SEC filings reveal a long-term accumulation strategy:
- Bitcoin is the business – not a byproduct.
- ABTC intends to convert its mining profits directly into BTC ownership.
- The goal: become one of the largest Bitcoin treasuries globally within the next three years.
3. Hut 8’s Strategic Role in Bitcoin Mining
3.1 Leveraging Institutional Expertise
Hut 8 Corp., a global leader in crypto mining infrastructure, plays a critical role in ABTC’s operational backbone.
With approximately 10,667 BTC already under management (valued at about $1.15 billion), Hut 8 brings:
- State-of-the-art mining facilities
- Access to renewable energy sources
- Proprietary ASIC optimization technology
- Lower cost-per-coin metrics than most competitors
By integrating Hut 8’s advanced mining expertise, ABTC seeks to outperform traditional miners while expanding its corporate BTC reserves.
3.2 Layer 2 Strategy for Long-Term Ownership
American Bitcoin isn’t just focused on mining revenue – its Layer 2 strategy prioritizes long-term BTC accumulation.
Instead of selling mined coins for short-term profits, ABTC plans to hold and compound its BTC assets, betting big on Bitcoin’s increasing scarcity and future global adoption.
4. Nasdaq Listing: Why It Matters
4.1 Opening the Door to Institutional Investors
The upcoming Nasdaq listing under the ticker ABTC could be a game-changer for the company and the broader market.
- It signals institutional credibility and positions ABTC alongside major financial players.
- It opens doors for pension funds, ETFs, and hedge funds to gain exposure to American Bitcoin’s growth.
- It potentially drives higher liquidity and market capitalization.
4.2 Potential Impact on the Bitcoin Market
A Nasdaq-listed, Trump-backed Bitcoin accumulation vehicle could have ripple effects across the crypto ecosystem:
- Increased institutional participation in BTC markets
- Higher demand puts pressure on the limited Bitcoin supply
- Potential catalyst for a new Bitcoin bull cycle in late 2025
This listing could cement ABTC as a leading force in the next phase of crypto adoption.
5. What’s Next for American Bitcoin
With the merger finalized and Nasdaq listing imminent, ABTC’s roadmap focuses on three core objectives:
- Accelerated Bitcoin Accumulation
Expanding holdings beyond the current 215 BTC to rival MicroStrategy. - Mining Expansion
Leveraging Hut 8’s infrastructure to secure low-cost BTC production at scale. - Institutional Integration
Positioning ABTC as a primary vehicle for Wall Street’s entry into Bitcoin.
With Donald Trump’s brand influence, Eric Trump’s strategic leadership, and Hut 8’s technical capabilities, American Bitcoin is primed for aggressive growth.
The completion of the Gryphon Digital Mining merger and the upcoming Nasdaq listing mark a historic turning point for American Bitcoin.
By combining Trump-backed leadership, Hut 8’s mining expertise, and a bold accumulation strategy, ABTC is set to become a major institutional force in the Bitcoin economy.
If successful, American Bitcoin could fundamentally reshape corporate BTC treasuries and potentially ignite a new wave of Bitcoin demand heading into 2026 and beyond.
