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American Bitcoin (ex-Gryphon)

ABTC#17
United States

American Bitcoin (ex-Gryphon) price

8.32 USD 92.97%
118.355.44Sep 2025Sep 2026
High 118.35 USDLow 5.44 USDChange over range 110.03 USDSource: Yahoo Finance

Price chart for American Bitcoin (ABTC) with a time-range selector. Between September 8, 2025 and September 11, 2026, ABTC hit a high of 118.35 USD on September 8, 2025 and a low of 5.44 USD on July 13, 2026, a −93.0 % change over the period.

View the chart data (12 closes)
Price chart — American Bitcoin (ABTC) · 54 weekly closes
DateClose
118.35 USD
71.10 USD
66.45 USD
26.70 USD
22.95 USD
15.30 USD
13.64 USD
17.85 USD
12.86 USD
6.13 USD
7.26 USD
8.32 USD

Source: Yahoo Finance · data updated September 12, 2026.

BTC Held7,500$578.4M
mNAV1.75xPremium over NAVon market cap
Stock Priceloading live…$8.32 3.61%Market Cap $1.01B
BTC YieldNot reported

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Acquisition History

Acquisition data not available.

Treasury Metrics

BTC price (live)$77,116.594
BTC reserve value$578.4M
% of market cap in BTC57.1%
Global ranking#17 of 52
Holdings data2026-09-13
Stock (24h) 3.61%

What is American Bitcoin (ex-Gryphon)?

Gryphon Digital Mining is a Bitcoin mining company resulting from the 2024 merger between Gryphon Digital Mining and Akerna Corp. It trades on Nasdaq under the ticker GRYP and holds more than 6,000 BTC on its balance sheet, positioning itself as a mid-tier miner in the directory with a distinctive focus on operational sustainability.

Founded2020 (reverse merger with Akerna 2024)
HeadquartersLas Vegas, Nevada (US)
TickerGRYP (Nasdaq)
CategoryBitcoin miner
Operational focusRenewable energy
2024 milestoneMerger with Akerna Corp

History and model

Gryphon Digital Mining was originally born as a Bitcoin miner in 2020 with an explicit thesis of 100% renewable-energy mining, a differentiating focus against sector competitors. In 2024 it completed a merger with Akerna Corp, a Nasdaq-listed software company serving the cannabis sector, in a reverse-merger transaction that gave Gryphon access to a public listing without a direct IPO. The resulting company keeps the Gryphon brand and trades on Nasdaq under the ticker GRYP. Operating headquarters are in Las Vegas, Nevada, with geographically distributed mining facilities to optimise access to clean energy.

Bitcoin strategy

Gryphon accumulates Bitcoin from the output of its own mining with a HODL policy, selling the minimum needed to cover operating expenses and capex. The main differentiator versus other miners is the operational commitment to renewable energy: the company publishes periodic reports on its energy mix and frames its thesis as aligned with ESG standards (paradoxically, in a sector many critics consider incompatible with traditional ESG criteria). That narrative gives it access to institutional investors with an ESG mandate who reject other miners in the sector.

Financing vehicles

As a mid-sized listed miner, Gryphon finances operations with cash flow from mining, equity raises with its common shares, and financing secured against its operating capacity. The post-reverse-merger structure from Akerna adds accounting complexity that the company has been simplifying during 2024-2025. Access to convertible corporate debt is more limited than for large miners (MARA, Riot, CleanSpark) due to the smaller balance sheet and resulting market cap.

Position on SatsIntel

Gryphon Digital ranks fourteenth in the SatsIntel directory by BTC holdings and is the top-20 miner with the smallest market cap among the listed names. Tracking it is relevant for assessing the performance of the mid-tier mining segment, distinct from the top tier (MARA, Riot, Hut 8, CleanSpark) and the long tail of small miners. The editorial pillar on Bitcoin treasuries classifies Gryphon alongside the other miners, with a distinctive note on its explicit renewable-mining thesis.

Frequently asked questions

How many bitcoins does Gryphon Digital hold?

Gryphon Digital holds more than 6,000 BTC on its balance sheet, a position accumulated mainly from the output of its own mining with a HODL policy.

How did Gryphon list on Nasdaq?

Through a reverse merger with Akerna Corp in 2024. Akerna was a cannabis-sector software company already listed on Nasdaq; the merger gave Gryphon access to a public listing without needing a direct IPO.

What's the difference between Gryphon and MARA?

Size (Gryphon is roughly 5× smaller by BTC on the balance sheet), an explicit focus on renewable energy (which MARA also pursues but without making it the central narrative) and lower operational diversification (no HPC or third-party hosting). Same HODL thesis but different execution by scale.

What happened to Akerna?

Akerna was absorbed by Gryphon in the 2024 reverse merger. The resulting entity keeps the Gryphon Digital Mining brand and trades on Nasdaq under the ticker GRYP. Akerna's original cannabis-software business has been progressively divested.

Which exchange does Gryphon trade on?

Gryphon Digital Mining trades on Nasdaq under the ticker GRYP. Operating headquarters in Las Vegas, Nevada.

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