Overview

• American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., will merge with Gryphon Digital Mining to become a publicly traded company on Nasdaq under the ticker 'ABTC.'
• The all-stock transaction is expected to close by the third quarter of 2025, pending regulatory and shareholder approvals.
• Post-merger, existing shareholders, including the Trump brothers and Hut 8, will retain 98% ownership, with Hut 8 maintaining majority control and serving as the operations partner.
• The company will retain its current leadership team and strategic focus on low-cost bitcoin accumulation at scale.
• The move comes as the Trump family expands its crypto ventures, drawing attention to potential conflicts of interest and U.S. digital-asset policy debates.