Gryphon Approves Merger with American Bitcoin
Gryphon Digital Mining has secured shareholder approval for its long-awaited reverse merger with American Bitcoin Corp., clearing the way for the combined company to debut on Nasdaq under the ticker symbol ABTC in early September. The move marks the retirement of Gryphon’s brand and the launch of a bold new phase for the Bitcoin-mining sector.
The approval came during a special stockholders’ meeting held on August 27, 2025. As part of the agreement, Gryphon will carry out a 5-for-1 reverse stock split designed to meet Nasdaq’s minimum bid price requirements. Following the adjustment, Gryphon’s outstanding shares will shrink from roughly 82.8 million to about 16.6 million, while market capitalization and shareholder ownership percentages will remain unchanged.
The reverse split will officially take effect at 5:00 p.m. ET on September 2, 2025. Immediately afterward, the merged company will adopt the American Bitcoin name, issue a new class A common stock, and begin trading under the ticker ABTC. Instead of paying cash for fractional shares, holders will see their positions rounded up to the nearest full share, while stock awards and warrants will be adjusted proportionally.
This merger is designed to do more than restructure Gryphon’s equity. It marks a deliberate strategy to create a Bitcoin mining powerhouse tailored for public markets. Announced earlier this year, the deal gives American Bitcoin a streamlined entry onto Nasdaq without going through the traditional IPO process. By combining Gryphon’s established mining operations with an ambitious Bitcoin accumulation model, the company aims to position itself as one of the most investable names in the industry.
The company will be led by a management team that has already made clear its intent to aggressively pursue scale and long-term Bitcoin holdings. Its vision is to build a platform that produces Bitcoin through mining and creates value by strategically accumulating the asset in public markets.
Market reaction to the merger has been swift. Gryphon’s stock price surged following the announcement, signaling strong investor enthusiasm for the new direction. The transaction has also attracted attention because of its high-profile backers and its potential to reshape the public crypto-mining landscape.
Ownership of the combined company will remain concentrated, with a majority of shares retained by existing backers and strategic partners. This structure ensures continuity in the company’s vision and operational approach, while also providing public investors with a new avenue to gain exposure to the Bitcoin ecosystem.
The timing of the Nasdaq debut is also significant. With Bitcoin prices climbing and institutional adoption continuing to grow, the listing comes at a moment when traditional markets are paying close attention to crypto-focused businesses. American Bitcoin intends to leverage this environment to expand its market presence, attract new investors, and scale its operations.
