- American Bitcoin to merge with Gryphon Digital Mining, becoming publicly traded under the ticker "ABTC" on Nasdaq.
- Merger will result in former American Bitcoin stockholders owning approximately 98% of the combined company.
- Eric Trump to continue as advisor and chief strategy officer, aiming to build the world's largest Bitcoin miner.
Dominari Holdings Inc. (DOMH, Financial) announced a strategic development as its investment, American Bitcoin, enters a definitive merger agreement with Gryphon Digital Mining (GRYP). The stock-for-stock transaction is set to transform American Bitcoin into a publicly traded entity on Nasdaq under the new ticker symbol "ABTC."
In this merger, set to close in Q3 2025, former stockholders of American Bitcoin, including Dominari Holdings, will own approximately 98% of the combined company. The merged company will operate under the American Bitcoin brand and intends to become the world’s largest and most efficient pure-play Bitcoin miner.
American Bitcoin was launched through a joint venture between American Data Centers, created by Dominari, and Hut 8. With Eric Trump continuing as advisor and chief strategy officer, the company plans to build a strategic Bitcoin reserve by leveraging low-cost Bitcoin mining alongside complementary strategies.
This merger underscores a significant value creation opportunity for Dominari Holdings (DOMH, Financial) as it turns a nascent private investment into a prominent stake in a publicly traded entity. The merger provides a clear path to capital markets, enhanced liquidity, and potential scale advantages in the competitive Bitcoin mining sector.
