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Gryphon Mining and American Bitcoin Announce Reverse Takeover
Gryphon Digital Mining (NASDAQ:GRYP) and American Bitcoin Corp have agreed to merge through a share transaction, resulting in a new integrated Bitcoin miner under the American Bitcoin brand. The deal, announced on Monday, is structured as a Reverse Takeover (RTO), where a private company acquires a publicly listed company to gain a stock market listing. The new entity will be listed as American Bitcoin under the ticker ABTC on NASDAQ.
Hut 8 Corp. (NASDAQ: HUT) (TSE: HÜTTE), in collaboration with Eric Trump, founded American Bitcoin with the ambition to become the world’s largest pure-play Bitcoin miner. The new company also plans to build a strategic Bitcoin reserve and aims to reshape the mining landscape by consolidating resources and leveraging political connections.
| Shareholder Structure Post-Merger | Percentage |
|---|---|
| American Bitcoin Shareholders | 98% |
| Gryphon Shareholders | 2% |
The companies expect to complete the transaction in Q3 2025, pending shareholder approval and other customary conditions. The deal allows American Bitcoin faster access to public markets, bypassing the delays of a traditional IPO. Gryphon shareholders will face significant dilution but gain stakes in a more ambitious mining venture. Hut 8’s involvement adds credibility, given its expertise in cryptocurrency mining.
“This transaction marks the next step in scaling American Bitcoin as a purpose-built vehicle for large-scale, low-cost Bitcoin accumulation,” said Asher Genoot, CEO of Hut 8.
The partnership with Eric Trump brings a high-profile name and potential political considerations for investors. The companies anticipate a smooth regulatory and shareholder approval process, targeting completion in Q3 2025.
- American Bitcoin shareholders will control 98% of the merged entity.
- The merger is expected to close in Q3 2025.
- Hut 8’s expertise and political connections are seen as strategic advantages.
Key Takeaway: The merger positions American Bitcoin as a major player in the mining sector, with significant resource consolidation and political backing. (Source: Mugglehead Magazine)
Bitcoin Miners Struggle to Meet Surging Demand
Recent weeks have seen a sharp increase in investor interest in the crypto sector. Bitcoin was recently traded at nearly $106,000, and many analysts believe a new all-time high—previously around $109,000—could be reached soon. However, there is a growing issue: the demand for BTC tokens is outpacing miners’ ability to supply them, according to John D'Agostino, Head of Strategy at Coinbase.
D'Agostino explained on CNBC that institutional investors have driven a noticeable supply shortage in the crypto market over the past year. He stated, “Bitcoin miners can no longer keep up with demand.” Currently, a new block is created on the Bitcoin blockchain approximately every ten minutes, distributing 3.125 BTC to miners as a reward. This means about 3.125 BTC enter the market every ten minutes.
| Metric | Value |
|---|---|
| BTC per new block (every 10 minutes) | 3.125 BTC |
| Recent BTC price | $103,000 |
| All-time high | ~$109,000 |
| Capital inflow into crypto market (2024) | $924 billion |
The demand is much higher than the supply: since January 2024, retail investors in the US have invested heavily in Bitcoin spot ETFs, contributing to over $924 billion flowing into the crypto market. Additionally, more companies worldwide are adopting Bitcoin as a store of value, further increasing demand and driving up prices.
Some crypto experts predict that the current price of $103,000 could more than double by the end of the year. This would benefit BTC investors and holders of the Bitcoin meme token BTC Bull ($BTCBULL), which is closely tied to Bitcoin’s performance and offers Bitcoin airdrops when new price milestones are reached.
- BTC Bull offers airdrops at $125,000, $175,000, and $225,000 milestones.
- Token burns occur every time the all-time high increases by $25,000, creating artificial scarcity.
- The BTCBULL presale has raised over $5.6 million.
- Staking BTCBULL offers an annual yield (APY) of 73%.
Key Takeaway: Bitcoin miners are unable to meet the surging demand, leading to supply shortages and potential for further price increases. The BTC Bull meme token leverages this trend with innovative rewards and scarcity mechanisms. (Source: FinanzNachrichten.de)
Eric Trump-Linked Bitcoin Firm Plans Public Merger with Gryphon to Expand Mining
American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., has announced a significant move in the Bitcoin sector: a pure stock merger with Gryphon Digital Mining to go public. The combined company, United Company American Bitcoin, is set to debut on Nasdaq under the ticker “ABTC” in Q3 2025.
The merger aims to create a strong foundation for Bitcoin mining and accumulation. Existing American Bitcoin shareholders—including the Trump brothers and crypto miner Cabin 8—will hold about 98% of the new company. Eric Trump will remain Chief Strategy Officer, guiding the company’s strategic direction.
Gryphon Digital Mining is recognized for its commitment to environmentally friendly mining, operating approximately 9,000 ASIC miners powered by CO2-neutral energy sources. This focus on sustainable mining aligns with the crypto industry’s increasing emphasis on green practices.
Following the announcement, Gryphon shares rose significantly, reflecting investor optimism about improved operational efficiency and profitability through the merger. The combined entity is expected to leverage American Bitcoin’s strategic leadership and Gryphon’s cost-effective renewable energy mining to increase market share.
- American Bitcoin and Gryphon Digital Mining to merge and list as ABTC on Nasdaq in Q3 2025.
- Post-merger, American Bitcoin shareholders will own 98% of the company.
- Gryphon operates 9,000 ASIC miners with CO2-neutral energy.
- Eric Trump will serve as Chief Strategy Officer.
The Trump family’s broader campaign to expand their presence in the Bitcoin market includes previous ventures such as World Liberty Financial and the launch of a meme currency. Former President Donald Trump has advocated for a crypto-friendly regulatory environment, aiming to position the US as a global leader in digital assets. However, these projects have also raised concerns about potential conflicts of interest due to the family’s political influence.
The merger is a strategic effort to pool resources and expertise in the competitive Bitcoin mining sector. The success of this alliance could set a precedent for similar partnerships, highlighting the importance of scalability and sustainability in crypto mining.
Key Takeaway: The merger between American Bitcoin and Gryphon Digital Mining, led by Eric Trump, is set to create a major player in sustainable Bitcoin mining, with significant market share and political influence. (Source: FinanceFeeds)
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