Griffon Digital Mining is set to merge with Trump-Linked American Bitcoin in September, its shares are already 231% above the May announcement.
According to Google Finance, Griffon’s shares rose 42.1% to $ 1.75 to $ 1.35 to $ 1.75 on Thursday. The rally came in American bitcoin’s largest investor, Hat 8 CEO as a ginoot, told With the onset of the trading set in early September, the merger between American bitcoin and grifon is expected to be finalized soon.
According to the Reuters report, the merger will be all-stock. The new unit will retain the name American bitcoin, and its two founders – Eric Trump and Donald Trump, will be the owners of 98% of the junior – and 98% of Hut 8.
Anchor investors have been finalized. The American bitcoin has two investors Cameron and Tyler Vinklevos, the co-founder of the Cryptocurrency Exchange Gemini. Cointelegraph reached the American bitcoin for comment, but did not get the answer at the time of publication.
American bitcoin is quietly collecting bitcoin (BTC), creating a real BTC Treasury. It has also bought bitcoin mining equipment and wants to acquire a company in Asia to develop its BTC reserves.
Connected: Trump-Linked American Bitcoin Mining increases $ 220m for Treasury
Policy tone shift indicates IPO
American bitcoin is becoming public because more crypto companies follow the same route. The circle became public in June 2025, and its stock rose 167% on its start. The Cryptocurrency Exchange Bulish became public in August, and its stock at the beginning increased by 218%.
In December 2024, Crypto Asset Management Company Bitwaiz predicted that the 2025 crypto would be the year of initial public offering. Other companies are rumored to prepare for an initial public offer, Gemini, who has filed an IPO preparation form with the US Securities and Exchange Commission and Cryptocurrency Exchange Crackon.
Crypto is going to wave of companies or preparing to go publicly in the United States, with a change in digital asset policy in the country. On 6 March, US President Donald Trump signed an executive order to create a national strategic bitcoin reserve and digital asset stockpile. On 18 July, he signed the Genius Act, which controls Stabecrims and their issuers in law.
magazine: Trump’s crypto venture enhances conflict of interests, Insider Trading Questions
