The Gryphon Digital Mining is set to combine with Trump-Link American Bitcoin in September, with its shares of 231% since the May announcement.
Gryphon’s shares jumped 42.1% on Thursday to $ 1.75 from $ 1.35, according to Google Finance. The rally came as the largest investor of American Bitcoin, Hut 8 CEO Asher Genoot, said Reuters ang integration between American Bitcoin and Gryphon It is expected to be finalized as soon as possible, with a trading set to start in early September.
According to the Reuters report, the integration will be all-stock. The new creature will remain in the name of American Bitcoin, and its two founders – Eric Trump and Donald Trump, Jr. – and Hut 8 owns 98% of the creature.
Investors in the anchor are that -finalize. Two investors in American Bitcoin are Cameron and Tyler WinklevossCo-Founders of Cryptocurrency Exchange Gemini. Cointelegraph reached out to American Bitcoin for commenting, but did not receive a response at the time of publication.
American Bitcoin silently accumulates bitcoin (Btc) Forms a de facto btc treasury. It also has Bitcoin’s mining equipment bought and looking to get a company in Asia To grow its BTC reserves.
Related: Trump associated with American Bitcoin raises $ 220m for mining, Treasury
Policy tone tones motivate IPOs
American Bitcoin is going public because more crypto companies follow the same path. Circle went public in June 2025, and its stock Rose 167% on its debut day. The cryptocurrency exchange bullish went public in August, and its stock Jump as high as 218% In its debut.
In December 2024, the crypto asset management company was bitwise predicted 2025 will be the year of crypto initial public offering. Other companies have been reported preparing for an initial public offering is Gemini, who has filed a form of IPO preparation with the US Securities and Exchange Commission, and Cryptocurrency Exchange Kraken.
The wave of crypto companies going or preparing to go public to the United States is compatible with a circulation of the country’s digital asset policy. On March 6, United States President Donald Trump signed an Executive Order creating a national strategic bitcoin reserve and digital asset stockpile. On July 18, he signed the Genius Actthat controls the stablecoins and their laws, the law.
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
