Trump-Linked American Bitcoin to Go Public in $700M Merger Deal
๐บEric Trump, who coโfounded American Bitcoin Corp. earlier in 2025, is set to receive approximately 367โฏmillion shares of Gryphon Digital Mining Inc. through a stock-for-stock merger.
๐บWith Gryphon shares trading around $1 per share, that implies a paper value of about $367โฏmillion for his stake.
๐บHowever, a recent private share sale suggested a much lower valuation (~$0.25 per share), which would value his holdings closer to $92โฏmillion.
๐บ The combined company will operate under the American Bitcoin brand and list on the Nasdaq under ticker โABTCโ, likely by Q3 2025, pending regulatory approvals.
๐บHut 8 Corp., a Canada-based crypto infrastructure firm, owns 80% of American Bitcoin; Eric Trump and his brother Donald Jr. hold the remaining 20%.
๐บThe company is targeting consolidation, scale, and ambition: it's already mined over 200 BTC and has raised $220โฏmillion for expansion. It aims to control ~15% of U.S. mining capacity post-merger.
๐บThe merged entity will rank among the largest publicly listed Bitcoin miners in the U.S., with market cap projected over $700โฏmillion post-merger.
๐บBy consolidating mining facilities and infrastructure, it aims to reduce costs and boost operational efficiency.
๐บThe Trump familyโs name brings media attention and potential access to institutional capitalโbut also regulatory scrutiny. Analysts say this heightens both visibility and vulnerability
๐บ The potential $367โฏM value is based on public share prices; private valuations suggest it may be far less.
๐บRegulatory watch: With high-profile involvement and crypto consolidation in focus, SEC scrutiny could increase.
๐บIndustry consolidation: This merger reflects a broader trendโlarger crypto firms merging to boost efficiency and attract capital
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