Eric Trump-Backed American Bitcoin to Go Public via Nasdaq Merger with Gryphon Digital

A new player in the crypto mining world, American Bitcoin, is heading to Wall Street — and it’s doing so with the backing of Eric Trump, Donald Trump Jr., and a fast-growing momentum in digital asset accumulation strategies.

On Monday, American Bitcoin confirmed it will go public through an all-stock merger with Gryphon Digital Mining, a Nasdaq-listed company. The deal gives the newly formed entity a clear path to the public markets while keeping 98% ownership in the hands of current American Bitcoin shareholders — including co-founder Eric Trump, his brother Donald Trump Jr., and crypto mining firm Hut 8.

The merger is expected to be finalized in the third quarter of 2025, positioning American Bitcoin as one of the highest-profile crypto listings in recent memory.

Gryphon Digital’s shares surged over 200% to $2.19 following the announcement, while Hut 8 climbed more than 11% to $15.45, reflecting strong investor enthusiasm for the Trump-backed venture.

Eric Trump, who will remain in a leadership role as chief strategy officer, said in a statement,

“Our vision for American Bitcoin is to create the most investable Bitcoin accumulation platform in the market.”

This move marks the Trump family's most significant step into crypto to date, following earlier ventures including a meme coin and their stake in World Liberty Financial, another crypto-linked company.

Former President Donald Trump has publicly stated his intention to make the United States a global leader in cryptocurrency innovation, promising friendlier regulations for the industry if re-elected. However, critics have raised concerns about ethics, transparency, and potential conflicts of interest surrounding the family’s growing crypto portfolio.

American Bitcoin’s model centers on accumulating Bitcoin as a core treasury asset, similar to strategies used by companies like Strategy Inc. and Upexi, which allow investors to gain crypto exposure through traditional equities.

"Buying a stock is a much more approachable way for people to invest in crypto assets without using wallets or exchanges,” said Allan Marshall, CEO of e-commerce firm Upexi, which recently made headlines for adding Solana to its balance sheet.

As institutional and retail interest in crypto-linked stocks grows, American Bitcoin aims to position itself as a key player in this trend, combining Bitcoin mining, asset accumulation, and political capital under one public brand.

Also Read: Trump Family Set to Make Millions From Abu Dhabi’s $2 Billion Crypto Deal with Binance