American Bitcoin Ventures Into Public Markets With ABTC Ticker Following Gryphon Merger

American Bitcoin has successfully navigated shareholder approval to complete its reverse merger with Gryphon Digital Mining, marking a significant transition for the Trump-family-linked mining venture. The final vote occurred on Wednesday, with an official announcement following on Friday. The integration process will culminate in a five-to-one reverse stock split and official listing debut scheduled for September 2 at 5:00 pm Eastern Time.

Restructuring Details and Ticker Launch

Following the reverse split execution, the newly combined company will operate under the American Bitcoin banner and trade on Nasdaq under the ticker symbol ABTC. The stock consolidation will reduce outstanding shares from approximately 82.8 million to around 16.6 million, excluding any additional shares issued in connection with the transaction. This structural reorganization leverages Gryphon’s existing public status to expedite American Bitcoin’s market entry, bypassing the conventional IPO route.

Market response to the announcement proved volatile. Gryphon’s shares experienced significant fluctuation, rallying 41% on Thursday before reversing course with a 10.5% decline on Friday, ultimately settling at $1.54 per share. Trading volume surged to nearly triple the stock’s typical daily average, reflecting heightened investor interest in the transaction.

Strategic Foundation and Bitcoin Accumulation

American Bitcoin emerged in March following a rebrand of American Data Center by Donald Trump Jr. and Eric Trump, operating as a subsidiary of Hut 8, a digital asset infrastructure organization. The company has positioned itself as a focused Bitcoin mining and accumulation platform, prioritizing treasury expansion of BTC holdings.

The documented Bitcoin holdings stand at 215 BTC, though independent analysis from BitcoinTreasuries.NET suggests actual reserves could reach as high as 1,941 BTC. This merger strategy combines Gryphon’s established mining infrastructure with American Bitcoin’s capital-intensive accumulation approach, potentially creating a more efficient and publicly traded vehicle for Bitcoin acquisition.

Competitive Positioning Within Mining Sector

The deal represents a broader industry trend where publicly traded entities pursue ambitious cryptocurrency reserve strategies. Leading miners and corporations collectively hold approximately 989,926 BTC, with MicroStrategy commanding roughly 64% of aggregate holdings through its corporate treasury initiatives. American Bitcoin’s market debut via ABTC ticker positioning signals intensifying competition for Bitcoin accumulation among institutional players, particularly as traditional corporations increasingly view BTC as strategic reserves rather than speculative investments.