Donald Trump’s Family Pulls Bitcoin Miner Gryphon Out of a Hole
US President Donald Trump’s Family Pulled Out of Deep Hole Bitcoin-miner Gryphon Digital Mining.
Gryphon shares went public in February 2018 and reached an all-time high of $2019 in June 29,077. However, amid a prolonged bearish trend in the BTC market, investor interest in the cryptocurrency mining company faded and the stock began to plummet. By April 2025, the company’s asset value had dropped to $0,126, effectively worthless.
However, in May the situation changed and demand for Gryphon shares increased sharply. In less than four months, the company’s stock price increased by 231% and renewed multi-year highs, reaching $12 on May 4,91. Then the company’s asset price failed to hold on to the gained height and corrected, but on August 28 it managed to consolidate above $1,7.
Gryphon’s share price has increased over the past six months
Gryphon owes its miraculous revival to Trump’s sons Eric and Donald, who founded American Bitcoin. In May, it became known about the upcoming merger of the two companies, as a result of which Gryphon will become part of American Bitcoin and will mine BTC under the patronage of the US President.
The renewed bullish rally in the Gryphon stock market is explained by the announcement yesterday of the listing of American shares. Bitcoin on the Nasdaq stock exchange, scheduled for early September. Apparently, investors are actively buying up the company’s securities, counting on the high price of the shares after the merger of the institutions is completed.
