Trump Family Bitcoin Mining Venture to Go Public as ‘Strategy’ Competitors Multiply

The Trump family just added another block to their crypto empire—this time with a ticker symbol.

American Bitcoin Corp., the mining venture backed by Eric Trump and Donald Trump Jr., is merging with Gryphon Digital Mining in an all-stock deal to go public under the ticker ABTC. The move sent Gryphon shares up 460% as the new entity positions itself as a US-first, Bitcoin-hoarding powerhouse modeled after MicroStrategy.

Existing American Bitcoin shareholders—including the Trump sons—will own 98% of the new firm, which is aiming to be the most “investable” BTC accumulation play in the market. Eric Trump will serve as chief strategy officer.

Joining the Strategy wannabe club

The field is starting to get crowded. Michael Saylor’s MicroStrategy just added another 13,390 BTC to its war chest. Japanese firm Metaplanet followed with $127M worth of buys. Meanwhile, KindlyMD skyrocketed over 600% after merging with Nakamoto Holdings, a Bitcoin-native investment firm founded by Trump crypto adviser David Bailey. Bailey says he wants Bitcoin on every corporate balance sheet—and he's putting up over $700M to make it happen.

Add in Jack Mallers' Twenty One SPAC from last month and suddenly, Bitcoin balance sheet bros are the new SPAC kings.

Profiting from the playbook they’re writing

But here’s where things get murky: While Trump-linked firms pile into crypto exposure and line up to go public, the administration is also reshaping the regulatory landscape to make that possible—and profitable.

Trump has already loosened environmental restrictions on mining, fast-tracked onshore energy development, and told Bitcoin execs behind closed doors that all future BTC should be “made in America.” Now, with Trumpworld tied into mining, stablecoins, memecoins, and DeFi—there’s growing concern they’re writing rules for a game they’re also playing in.

Senate Democrats have raised alarms, already blocking a stablecoin bill seen as overly friendly to the digital asset industry. But that hasn't stopped the capital wave: crypto ventures are raising hundreds of millions, getting PIPE deals, and tapping public markets like it's 2021 all over again.

The bottom line?

The Trump crypto machine is no longer just about NFTs and meme tokens—it’s building infrastructure, entering the public markets, and pushing policy in its favor. The conflict of interest is starting to look less like a bug and more like the business model.

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