Griffon Digital Mining is set to fuse with Trump-related American Bitcoin in September, and since its announcement in May, stocks have already risen 231%.
Gryphon’s shares rose 42.1% from $1.35 to 42.1% on Thursday, according to Google Finance. The rally was founded by Hut 8 CEO Asher Genoot, the biggest investor in American Bitcoin, told Reuters that the merger between US Bitcoin and Griffon is expected to be confirmed soon, and trading is expected to begin in early September.
According to a Reuters report, the merger will be all shares. The new entity holds the name American Bitcoin, and its two founders, Eric Trump and Donald Trump, Jr. and Hat8 own 98% of the entity.
Griffon Digital Mining stock price on Thursday. sauce: Google Finance
The anchor investors are confirmed. Two American Bitcoin investors are Cameron and Tyler Winklevoss, co-founders of Cryptocurrency Exchange Gemini. Cointelegraph contacted American Bitcoin for comment but did not receive a reply at the time of publication.
Bitcoin in the US quietly accumulates Bitcoin (BTC), effectively forming the BTC Treasury Ministry. He also purchases Bitcoin mining equipment and is considering acquiring an Asian company to expand its BTC reserves.
Policy Tone Shift prompts IPOS
Bitcoin in America is open to the public as more crypto companies follow the same path. The circle was released in June 2025, and its inventory rose 167% on the day of its debut. The Cryptocurrency Exchange Bullish was released in August, with its inventory reaching 218% at its debut.
In December 2024, the Crypto Asset Management Company predicted that 2025 will be the year of initial public offerings for Crypto. Other companies are rumoured to be preparing for their first public offering. These are Gemini and Kryptocurrency Exchange Kraken who filed an IPO preparation form with the US Securities and Exchange Commission.
The wave of crypto companies preparing to or preparing for public release in the US coincides with the shift in the country’s digital asset policy. On March 6th, US President Donald Trump signed an executive order to create a national strategic Bitcoin reserve and digital asset stockpile. On July 18th, he signed the Genius Act, regulating Stablecoins and its publishers.
