- Eric Trump’s crypto firm is going public through a major merger deal.
- The move brings politics deeper into the heart of the crypto industry.
- Its success could shape how future crypto businesses align with power and influence.
A new chapter in the intersection of politics and digital finance is unfolding as American Bitcoin, a crypto mining company backed by Eric Trump and Donald Trump Jr., is set to go public. The firm announced an all-stock merger with Gryphon Digital Mining, a move that will list the combined entity on the Nasdaq later this year. With this development, the Trump family deepens its involvement in the cryptocurrency world—adding both intrigue and attention to the space.
The merger, expected to finalize in Q3 of 2025, is one of the most high-profile entries into the public crypto market this year. Under the deal, existing American Bitcoin shareholders, including the Trump brothers, will retain approximately 98% ownership of the new company. That level of control has raised eyebrows, particularly given the family’s political influence and past scrutiny of crypto-related initiatives.
The Deal and Its Implications
While the merger is financial in nature, its significance is largely symbolic. It highlights how far cryptocurrency has come—from a fringe technology to a centrepiece of major business ventures supported by prominent American figures. Gryphon Digital Mining, the partner in this merger, brings operational experience and infrastructure, while American Bitcoin offers branding power and political clout.
Together, the companies plan to focus on environmentally conscious mining operations, a nod to growing concerns over crypto’s energy consumption. Public statements from the Trump brothers emphasise American competitiveness, job creation, and blockchain leadership. Though the exact financial details of the deal remain under wraps, early analyst reports suggest it could position the combined firm as a top 10 U.S.-based mining company by market share.
Political Controversy and Market Reactions
Not surprisingly, the merger has sparked mixed reactions. Supporters see it as a bold move that could mainstream crypto further by aligning it with a powerful political brand. Critics, however, worry about potential conflicts of interest—especially as regulatory decisions around crypto heat up in Washington.
The overlap between public office, family wealth, and emerging technology is already drawing scrutiny. Lawmakers have begun proposing new guidelines to prevent elected officials and their immediate families from directly benefiting from crypto-linked businesses. While such proposals are still in early stages, they reflect the tension around how politics and crypto should coexist.
On the market front, the announcement has generated buzz among investors. Crypto-friendly retail platforms noted a spike in search volume and discussions around American Bitcoin, suggesting high public interest. Whether that interest translates to sustained investment, however, will depend on how the merger progresses and how the company performs post-listing.
What Comes Next
As the merger heads toward completion, all eyes will be on regulatory responses and investor sentiment. The company’s first few quarters post-listing will likely set the tone for how seriously Wall Street views politically affiliated crypto ventures. For now, the Trump-backed project stands as a unique symbol of how the lines between business, politics, and digital assets are continuing to blur.
