Gryphon Digital Mining will merge with the American Bitcoin linked to Trump in September, with their shares they already increased 231% from the May announcement.
Gryphon’s shares increased 42.1% on Thursday to $ 1.75 from $ 1.35, according to Google Finance. The rally occurred as the largest investor of American Bitcoin, the CEO of Hut 8, Asher Genot, said Reuters The merger between American Bitcoin and Gryphon is expected to end soon, and trade will begin in early September.
According to the Reuters report, the fusion will be the entire stock. The new entity will retain the name of American Bitcoin, and its two founders, Eric Trump and Donald Trump, Jr., and Hut 8 will possess 98% of the entity.
Anchor investors have been completed. Two investors in American Bitcoin are Cameron and Tyler Winklevos, co -founders of Cryptocurrency Exchange Gemini. Cointelegraph contacted American Bitcoin to comment, but had not received an answer at the time of publication.
American Bitcoin has accumulated in silence Bitcoin (BTC), forming a de facto BTC treasure. He has also bought Bitcoin Mining Equipment and is looking to acquire a company in Asia to grow its BTC reservations.
Related: American Bitcoin linked to Trump raises $ 220 million for mining, treasure
The change of policy tone indicates that the opi
American Bitcoin is being made public as more cryptographic companies follow the same path. Circle became public in June 2025, and their actions rose 167% on the day of their debut. Cryptocurrency Exchange Bullish became public in August, and their actions rose to 218% in their debut.
In December 2024, Crypto Asset Management Company Bitwise predicted that 2025 would be the year of the initial cryptographic public offer. It was rumored that other companies are preparing for an initial public offer are Gemini, which has presented a preparatory form for OPI before the United States Stock Exchange and Securities Commission, and the exchange of Kraken cryptocurrencies.
The wave of cryptographic companies that go or prepare to make public in the United States has coincided with a change in digital asset policy in the country. On March 6, the president of the United States, Donald Trump, signed an executive order that creates a strategic reserve of Bitcoin Strategic Bitcoin and a digital asset storage. On July 18, he signed the Genius law, which regulates Stablecoins and his issuing, in law.
Magazine: Trump cryptocurrencies increase the conflict of interest, privileged information questions
