Written by PureCane – May 12, 2025
You ever hear a story so predictable it loops right back to comedy? Enter: American Bitcoin is going public. And not just public — Trump-family-backed public. Because nothing screams decentralization like merging a politically-connected mining company with a Wall Street-traded husk of a hashrate operation.
That’s right. Gryphon Digital Mining (GRYP) just inked a stock-for-stock deal with American Bitcoin, the mining outfit now proudly 20% owned by Eric Trump and Donald Trump Jr. The other 80%? That belongs to Hut 8, a mining company that thought cozying up to America’s favorite grifting dynasty was a long-term strategy.
The newly merged company will trade on Nasdaq under the ticker $ABTC, which apparently stands for “Absolutely Buying The Clownshow.”
🧠 Wall Street Loves a Buzzword
GRYP shares popped over 200% pre-market, while Hut 8 enjoyed a 12% jump for no reason other than brand association with a last name that still moves headlines. Now we’re being told this is “a purpose-built vehicle for low-cost Bitcoin accumulation at scale.”
Cool. Sounds fancy. But let me translate:
We’re gonna print shares, scoop up mining gear, and hope retail bag-holders don’t notice who’s holding the exit door open.
This deal is supposed to “unlock direct access to growth capital.” Of course it is. Because nothing says trustless decentralization like leveraging traditional capital markets and using your dad’s name to juice speculative pops.
🦅 Gryphon and Grifter: A Match Made in Fiat Heaven
We gotta give it to them — “Gryphon” and “Grifter” really do pair well. This is like naming your company Ponzi & Co. and wondering why the SEC keeps snooping around.
And speaking of regulators — don’t worry, this isn’t financial advice. We’d never poke fun at the SEC or suggest that this merger is part of a larger, glossier scam on American investors. Nope. Totally normal for a sitting president to pivot from meme coin hype to Nasdaq mining ventures while half the country argues over ETF regulation. Everything’s fine.
⛏ But Seriously — Bitcoin Deserves Better
Here’s the part where we remind you what Bitcoin actually is:
It’s permissionless. Decentralized. Hard money.
It’s not a brand extension for political families or a piggybank for ex-exchange execs with Wall Street fantasies.
You want real Bitcoin mining?
You want control over your hashpower without signing up for a glorified mining ETF owned by Canadian banks and a former reality TV landlord?
Then don’t look to Nasdaq.
Look to solo mining. Look to independent hashrate.
Look to the Bitaxe.
🔧 SoloSatoshi Bitaxe Miners Are Real Bitcoin
Built for Bitcoiners, by Bitcoiners — Bitaxe is the open-source, self-sovereign miner that actually mines to your wallet. Skip the suits, skip the stock tickers, and build your own mining rig for under a couple hundred bucks.
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Final Thought: Stop Letting Wall Street Pretend
They love to wear Bitcoin’s jacket while selling you centralized garbage. But at LearnBitcoin.net, we’ll keep calling it what it is.
Bitcoin doesn’t need a Trump.
Bitcoin doesn’t need a new ticker symbol.
Bitcoin doesn’t need permission.
All it needs… is you, your own keys, and if you’re feeling spicy — a solo-powered Bitaxe humming in the corner.