Gryphon stock soars 231% ahead of September American Bitcoin merger

Gryphon Digital Mining is acceptable to merge with Trump-linked American Bitcoin successful September, with its shares already up 231% since the May announcement.

Gryphon’s shares jumped 42.1% connected Thursday to $1.75 from $1.35, according to Google Finance. The rally came arsenic American Bitcoin’s largest investor, Hut 8 CEO Asher Genoot, told Reuters the merger betwixt American Bitcoin and Gryphon is expected to beryllium finalized soon, with trading acceptable to statesman successful aboriginal September.

According to the Reuters report, the merger volition beryllium all-stock. The caller entity volition clasp the sanction American Bitcoin, and its 2 founders — Eric Trump and Donald Trump, Jr. — and Hut 8 volition ain 98% of the entity.

Gryphon Digital Mining’s stock terms connected Thursday. Source: Google Finance

Anchor investors person been finalized. Two investors successful American Bitcoin are Cameron and Tyler Winklevoss, the co-founders of cryptocurrency speech Gemini. Cointelegraph reached retired to American Bitcoin for comment, but had not received a reply astatine clip of publication.

American Bitcoin has been softly accumulating Bitcoin (BTC), forming a de facto BTC treasury. It has besides purchased Bitcoin mining equipment and is looking to get a institution successful Asia to turn its BTC reserves.

Related: Trump-linked American Bitcoin raises $220M for mining, treasury

Policy code displacement prompts IPOs

American Bitcoin is going nationalist arsenic much crypto companies travel the aforesaid path. Circle went nationalist successful June 2025, and its banal rose 167% connected the time of its debut. Cryptocurrency speech Bullish went nationalist successful August, and its banal jumped arsenic precocious arsenic 218% connected its debut.

In December 2024, crypto plus absorption institution Bitwise predicted that 2025 would beryllium the year of the crypto archetypal nationalist offering. Other companies rumored to beryllium preparing for an archetypal nationalist offering are Gemini, which has filed an IPO preparatory form with the US Securities and Exchange Commission, and cryptocurrency speech Kraken.

The question of crypto companies going oregon preparing to spell nationalist successful the United States has coincided with a turnaround successful integer plus argumentation successful the country. On March 6, US President Donald Trump signed an enforcement bid creating a nationalist strategical Bitcoin reserve and integer plus stockpile. On July 18, helium signed the GENIUS Act, which regulates stablecoins and their issuers, into law.

Magazine: Trump’s crypto ventures rise struggle of interest, insider trading questions