Gryphon Stock Soars 231% Pre-Merger with American Bitcoin

Gryphon Digital Mining’s stock saw a dramatic surge of over 231% following news of its merger with American Bitcoin, a venture backed by prominent figures including the Trump family and Hut 8. Scheduled to list as ABTC in September, this all-stock merger signifies a significant step for both companies, igniting market activity and sparking heightened interest from investors. The merger positions Gryphon and American Bitcoin as major players in the bitcoin space, drawing attention to the involvement of the Trump family and driving increased market participation. Notably, prominent investors like the Winklevoss twins are backing the venture.