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Gryphon Digital Mining’s stock has skyrocketed in recent months, rallying more than 231% since May as anticipation builds for its upcoming merger with Trump-linked American Bitcoin. The deal, expected to close in early September, comes amid a surge of crypto-related public listings in the United States and a shifting regulatory climate that has boosted investor appetite for digital asset companies.
Gryphon’s Rapid Share Price Climb
Shares of Gryphon jumped 42.1% on Thursday, climbing to $1.75 from $1.35, according to Google Finance data. The sharp increase follows continued investor excitement over the merger with American Bitcoin, which was revealed in May and has already sent Gryphon’s stock soaring more than 231%.
The momentum has also been fueled by comments from Hut 8 CEO Asher Genoot, American Bitcoin’s largest investor, who confirmed to Reuters that the merger is on track to finalize soon. The new entity is expected to begin trading on public markets in early September, a milestone that investors are eagerly awaiting.
Details of the American Bitcoin Merger
The merger will be conducted as an all-stock transaction, with the new entity retaining the American Bitcoin name. According to reports, the Trump family will hold significant influence over the company’s future direction. Eric Trump and Donald Trump Jr., the founders of American Bitcoin, along with Hut 8, will collectively control 98% of the merged entity.
American Bitcoin has already been active in the market. The firm has quietly accumulated large amounts of Bitcoin, effectively operating as a de facto Bitcoin treasury. It has also invested in Bitcoin mining equipment and is exploring acquisitions in Asia to expand its BTC reserves and strengthen its operational footprint.
Big-Name Investors Backing the Deal
The merger has attracted high-profile crypto investors. Cameron and Tyler Winklevoss, co-founders of the cryptocurrency exchange Gemini, are among the anchor investors in American Bitcoin. Their involvement underscores the confidence that major players in the digital asset industry have in the company’s growth prospects.
Hut 8, one of North America’s largest public Bitcoin miners, has also played a pivotal role in backing American Bitcoin. The support of such established industry figures is expected to provide credibility and momentum as the merger approaches finalization.
The Broader Crypto IPO Wave
The Gryphon-American Bitcoin merger comes amid a broader wave of crypto companies entering public markets in the U.S. Over the past year, several prominent digital asset firms have staged successful debuts, fueling investor enthusiasm.
Circle, the issuer of the USDC stablecoin, went public in June 2025, with its shares surging 167% on debut. More recently, crypto exchange Bullish went public in August, seeing its stock climb as high as 218% in early trading.
Analysts at Bitwise had predicted as early as December 2024 that 2025 would mark the year of the crypto IPO boom. Their forecast is now being realized, with companies like Gemini and Kraken reportedly preparing for public offerings of their own.
Regulatory Tailwinds for Digital Assets
One of the biggest factors fueling this wave of public debuts is the improving regulatory landscape in the United States. For years, uncertainty around crypto regulation dampened enthusiasm for digital asset firms on Wall Street. That picture has begun to change dramatically in 2025.
On March 6, U.S. President Donald Trump signed an executive order establishing a national strategic Bitcoin reserve and digital asset stockpile. This marked a historic policy shift, positioning Bitcoin as a strategic national asset.
Then, on July 18, Trump signed the GENIUS Act into law, creating a comprehensive regulatory framework for stablecoins and their issuers. Together, these measures have reassured investors and accelerated the trend of crypto companies seeking access to U.S. capital markets.
What’s Next for Gryphon and American Bitcoin?
As the merger approaches its September closing, all eyes are on how the market will respond once the combined entity begins trading. Given Gryphon’s extraordinary stock run since May, investors will be watching closely to see whether momentum continues after the merger is finalized.
For American Bitcoin, the merger provides a platform to scale operations, build its Bitcoin treasury, and expand into new markets. With the backing of high-profile investors, ties to the Trump family, and a favorable regulatory climate, the firm is well-positioned to make waves in the evolving digital asset industry.
Conclusion
Gryphon Digital Mining’s soaring share price highlights the optimism surrounding its upcoming merger with American Bitcoin. With shares up 231% since May, big-name investors backing the deal, and U.S. regulatory momentum building, the merger represents more than just a corporate consolidation—it symbolizes the new era of crypto companies entering mainstream financial markets.
