Gryphon Digital Mining shareholders approved a stock‑for‑stock merger with Trump family‑linked American Bitcoin, triggering a reverse 5‑for‑1 split and a planned Nasdaq debut under ticker ABTC on Sept. 2, 2025, subject to completion of the split and standard regulatory steps.
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Shareholders approved the merger and a 5‑for‑1 reverse split on a vote held this week.
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After the reverse split, the combined company will adopt the American Bitcoin name and trade as ABTC on Nasdaq.
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Post‑deal equity will fall to about 16.6 million shares from 82.8 million; disclosed BTC holdings reported at 215 BTC (external estimates higher).
Gryphon Digital Mining merger: shareholders greenlight deal with American Bitcoin — Nasdaq listing as ABTC set for Sept. 2, 2025. Read next steps and key facts.
What is the Gryphon Digital Mining merger?
Gryphon Digital Mining merger is a stock‑for‑stock consolidation that combines Gryphon with American Bitcoin, enabling American Bitcoin to go public via Gryphon’s Nasdaq listing. The transaction includes a reverse five‑for‑one stock split and a planned ticker change to ABTC upon completion.
How will the Nasdaq listing under ABTC proceed?
The companies scheduled the reverse 5‑for‑1 stock split and new listing at 5:00 pm ET on Sept. 2, 2025. After the split, the combined entity will adopt the American Bitcoin name and commence trading under the ticker ABTC. Regulatory filings and standard Nasdaq procedures must clear before trading begins.
Gryphon Digital Mining, a Las Vegas‑based public Bitcoin miner, announced final shareholder approval on Friday following a Wednesday vote. The deal was presented as a fast track for American Bitcoin to access public markets without a standalone IPO.
Why did shareholders approve the deal?
Shareholders approved the transaction to combine Gryphon’s low‑cost mining infrastructure with American Bitcoin’s BTC accumulation strategy. The merger offers scale, a clearer public‑company pathway for American Bitcoin, and potential efficiencies from combining operations.
What are the financial mechanics of the reverse split?
The reverse 5‑for‑1 split reduces outstanding shares from roughly 82.8 million to about 16.6 million, excluding any new issuances tied to the transaction. The split is designed to consolidate the register and align share counts with Nasdaq listing standards.
American Bitcoin’s origins and strategy
American Bitcoin launched in March after Donald Trump, Jr. and Eric Trump rebranded American Data Center under the new name. The venture began as part of Hut 8 and positioned itself as a “pure‑play” Bitcoin miner focusing on building a BTC treasury.
At launch, American Bitcoin publicly disclosed holdings of 215 BTC. Independent aggregators such as BitcoinTreasuries.NET list higher estimates for holdings, while public‑company treasuries collectively hold 989,926 BTC, with MicroStrategy representing a large share of that total (plain text mentions).
Market reaction was volatile: Gryphon’s shares rallied sharply on initial merger news then retraced, closing down more than 10% on Friday after a prior 41% jump on Thursday. Trading volume spiked to nearly three times the daily average, reflecting heightened investor interest and repositioning.
Related: Tether plans to open‑source Bitcoin mining OS; CEO says ‘no need’ for 3rd party vendors (plain text).
Related: Trump‑linked American Bitcoin seeks Asia acquisitions to boost BTC holdings: Report (plain text).
Frequently Asked Questions
When will the combined company start trading as ABTC?
The combined company plans to complete the reverse 5‑for‑1 stock split and adopt the American Bitcoin name, with a Nasdaq listing under ticker ABTC scheduled for Sept. 2, 2025, contingent on standard regulatory steps.
How many BTC does American Bitcoin hold?
American Bitcoin has verifiably disclosed 215 BTC. Independent aggregators and market estimates report higher potential totals; such third‑party estimates should be considered supplemental and not company disclosures.
What was the shareholder vote outcome?
Shareholders gave final approval this week to the stock‑for‑stock merger and associated corporate actions, authorizing the reverse split and reorganization required for the Nasdaq relisting.
Key Takeaways
- Deal approved: Final shareholder approval enables the merger and reverse split.
- Nasdaq path: American Bitcoin will use Gryphon’s listing to trade as ABTC on Sept. 2, 2025 (subject to clearance).
- Strategic rationale: The merger pairs Gryphon’s infrastructure with American Bitcoin’s BTC accumulation plan to pursue scale and investor clarity.
Conclusion
The Gryphon Digital Mining merger with American Bitcoin creates a streamlined route to public markets under the ABTC ticker and consolidates miners’ resources to pursue larger BTC treasuries. Investors should monitor regulatory filings, the reverse split completion, and disclosed BTC balances for confirmation before the Nasdaq debut. COINOTAG will update this report as new filings and data become available.
