Bitcoin mining merger don debut Trump-linked ABTC for Nasdaq
Gryphon Digital Mining (GRYP) and Hut 8 subsidiary don okay merger to form American Bitcoin (ABTC). This Bitcoin mining merger don get shareholders approval together with 5-for-1 reverse stock split to meet Nasdaq listing rules. If regulator clear am, dis deal go reduce outstanding shares from 82.8 million to about 16.6 million and go debut for Nasdaq on September 2, 2025 under ticker ABTC. After merger, ownership go split 80% to Hut 8 and 20% to American Data Centers wey Eric and Donald Trump Jr dey back. The combined group go use Gryphon low-cost mining infrastructure plus American Bitcoin BTC accumulation strategy. Declared holdings stand at 215 BTC, external estimate higher. GRYP shares drop over 10% to $1.54 on heavy volume after announcement. Traders suppose dey watch regulatory filings, reverse stock split execution, and future BTC treasury updates before Nasdaq listing.
Bullish
Di merger plus di 5-for-1 reverse stock split to form American Bitcoin (ABTC) dey strengthen Bitcoin mining capacity and on-chain accumulation. For short time, market go dey focus on regulatory approvals and di share consolidation fit cause volatility for GRYP equity but e dey create clear path to Nasdaq listing. For long term, to leverage Gryphon low-cost infrastructure and di growing BTC treasury outlook dey improve fundamentals, fit boost demand for BTC and support bullish sentiment.