Gryphon Digital Mining approved for merger with American Bitcoin, linked to Trump family. Stock split and new listing scheduled for Sept. 2. After initial surge, Gryphon’s stock dropped over 10% on Friday. Shares closed down 10.5% at $1.54 with high trading volume.

American Bitcoin, linked to Trump family, rebranded from American Data Center under Hut 8. Positioned as a pure-play Bitcoin mining company with plans to accumulate large BTC treasury. Merger with Gryphon offers fast track to public markets and combines low-cost mining infrastructure with aggressive BTC accumulation strategy.

American Bitcoin discloses holdings of 215 BTC, could be as high as 1,941 BTC per BitcoinTreasuries.NET estimates. Public companies increasing Bitcoin reserves, holding 989,926 BTC collectively. MicroStrategy leads with nearly 64% of total BTC holdings. American Bitcoin seeking Asia acquisitions to boost BTC reserves.

Read more at Cointelegraph: American Bitcoin to Go Public in Reverse Merger With Gryphon, Ticker ABTC