Eric Trump’s Bitcoin Firm to Go Public via Merger
Key Takeaways
The Bitcoin mining company “American Bitcoin,” co-founded by Eric Trump, is planning to go public. Through a merger with the publicly traded company Gryphon Digital Mining, a platform for cost-efficient Bitcoin accumulation is to be created. After the merger, shareholders of American Bitcoin are expected to hold 98% of the new company. The project focuses on industrial Bitcoin reserves and mining instead of direct purchase. The transaction is expected to be completed in the third quarter of 2025.
Merger with Gryphon Digital Mining
American Bitcoin will merge with Gryphon Digital Mining, a company already listed on the U.S. tech stock exchange Nasdaq. The goal of the merger is to build a scalable platform for Bitcoin accumulation through mining. The new company will continue under the name “American Bitcoin.” According to the agreement, existing shareholders of American Bitcoin will receive 98% of the shares, while Gryphon shareholders will receive only 2%.
Strategy: Bitcoin Reserves Instead of Direct Purchase
American Bitcoin’s business model is based on the idea of not buying Bitcoin directly on the market but instead generating it through mining and holding it as a reserve. Eric Trump described the project as “the most investable Bitcoin accumulation platform on the market.” The focus is on industrial mining capacity and the development of BTC reserves as strategic assets.
Market Reaction
The announcement of the merger led to a 173% increase in Gryphon’s stock price within a single day. This shows that investors see potential in the merger. Whether this trend will continue after the merger is completed remains to be seen.
Cost Structure of Bitcoin Mining
A key aspect of the strategy is cost efficiency. According to data from CryptoQuant, the average electricity cost to mine one Bitcoin is approximately USD 36,800. With the current Bitcoin price exceeding USD 100,000, this results in a theoretical profit of over 180%. However, critics point out that this calculation only considers electricity costs. When hardware costs are included, total costs per Bitcoin could reach up to USD 90,000.
Political Dimension
Eric Trump’s involvement gives the project a political dimension. The Trump family is showing increasing interest in cryptocurrencies, particularly in the areas of stablecoins and DeFi (decentralized finance). The political connection could present both opportunities and risks for public interest and regulatory treatment of the company.
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Timeline and Outlook
The merger is expected to be completed in the third quarter of 2025. Until then, it remains to be seen how market interest evolves and whether American Bitcoin can achieve its goals as a publicly traded company. The focus on mining and reserve building could prove advantageous, provided operating costs remain under control.
Our Assessment
American Bitcoin is pursuing a clear strategic approach: generate Bitcoin through mining and hold it as a reserve. The merger with Gryphon Digital Mining is a step toward scaling and going public. Eric Trump’s involvement brings media attention but also political implications. Whether the model will pay off in the long term depends heavily on actual mining costs and the development of Bitcoin’s price. For investors and market observers, the project remains exciting but also carries risks.
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | 103168 |
| 24h % | 0.15 % |
| 7d % | 6.36 % |
| 30d % | 21.77 % |
| 60d % | 22.89 % |
| 1y % | 66.77 % |
| Market Cap | $2,049,477,343,068.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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