American Bitcoin to Go Public; $882M in Institutional Inflows Led by Bitcoin

Bitcoin Price and News
Total 661 words · 3 mins read

Key Takeaways

  • American Bitcoin, backed by Trump's sons, to go public via reverse merger with Gryphon Digital Mining.
  • Institutional inflows hit $882M last week, led by Bitcoin with $867 million.
  • A Bitcoin whale moved 2000 BTC as the price stabilized above $100K.
  • Coinbase to join S&P 500; could see $16B buying pressure.
  • Polymarket forecasts $130K Bitcoin; Cantor acquires $458M in Bitcoin.

Top Stories

American Bitcoin to go public via reverse merger

On May 14, 2025, American Bitcoin, backed by Donald Trump's sons, announced it would go public via a reverse merger with Gryphon Digital Mining. After the merger, American Bitcoin shareholders, including the Trump brothers and Hut 8 (which owns 80% of American Bitcoin), will own about 98% of the new company, while Gryphon shareholders will own 2%. The new company will be called American Bitcoin and will trade on the Nasdaq under the ticker symbol ABTC. The announcement caused Gryphon’s stock to soar over 280%, and Hut 8’s stock went up over 11%.

Institutional inflows hit $882M, led by Bitcoin

On May 14, 2025, CoinShares reported $882 million in institutional inflows last week, led by BTC with $867 million.

Bitcoin whale moves 2000 BTC above $100K

On May 13, 2025, a Bitcoin whale moved 2000 BTC as the price stabilized above $100K.

Coinbase to join S&P 500; $16B buying pressure?

Coinbase (COIN) will be added to the S&P 500 index after the close on Friday, May 16, 2025, replacing Discover Financial Services (DFS). Wall Street brokerage Bernstein estimates that Coinbase could see roughly $16 billion of buying pressure due to its inclusion in the S&P 500, and analyst Gautam Chhugani has an outperform rating on Coinbase shares with a $310 price target.

Polymarket forecasts $130K Bitcoin; Cantor acquires $458M

On May 13, 2025, Polymarket's latest forecast suggests a potential Bitcoin price of $130,000. Cantor Equity Partners (CEP) disclosed a $458.7 million bitcoin acquisition as part of a pending merger with Twenty One Capital, which is backed by Tether, Bitfinex, and SoftBank; Tether purchased 4,812 BTC at an average price of $95,319, to be sold to the merged company, which plans to have more than 42,000 BTC at launch.

Adoption News

Michael Saylor reveals $7.2B Bitcoin strategy

Bitfinex analysts: Bitcoin target $150K-$180K in 2025-2026

Bitfinex analysts project a $150,000-$180,000 price target for Bitcoin in 2025-2026, citing advancing sovereign and institutional adoption and expanding ETF rails. The report was published on May 13, 2025.

Jeremie Davinci discusses coming Bitcoin supply shock

Tim Draper: Bitcoin will replace USD in 10 years

On May 13, 2025, Billionaire VC Tim Draper said that Bitcoin will replace the U.S. dollar in 10 years.

Coinbase's S&P 500 inclusion benefits crypto

On May 13, 2025, LMAX Group's Joel Kruger noted that Coinbase's inclusion in the S&P 500 and rising institutional interest are benefitting crypto.

My First Bitcoin receives $1M grant from #StartSmall

On May 13, 2025, My First Bitcoin received a $1 million grant from Jack Dorsey's #StartSmall initiative to advance independent Bitcoin education worldwide.

Business News

eToro IPO priced at $52, raising $310M

On May 13, 2025, eToro, a crypto and stock trading platform, priced its IPO at $52 a share, raising nearly $310 million and valuing the business at about $4.2 billion, according to Bloomberg reports.

Price Watch

Bitcoin approaches $105,000; Ethereum up 9% to $2,700

On May 13, 2025, Bitcoin approached $105,000, while Ethereum increased by 9% to $2,700. Bitcoin climbed back above $104,000, nearly reaching $105,000 before pulling back to around $104,400.

3 Bitcoin price levels to watch before ATH

The article published on May 13, 2025, discusses 3 Bitcoin (BTC) price levels to watch before the all-time high.

Bitcoin faces resistance at $106,000; consolidation likely

On May 13, 2025, Bitfinex analysts indicated that BTC faces resistance at $106,000, suggesting consolidation is likely. They also noted that Bitcoin faces resistance around $104,000-$106,000, making a short-term consolidation likely with key support at around $98,000.

Market Pulse

Bitcoin price hovers near $104k amid market optimism

On May 14, 2025, Bitcoin's price remained near $104,000 due to soft US CPI data and trade optimism, while the broader crypto market experienced a 1.7% rise in total capitalization, with Bitcoin hovering around $103,700. The Fear & Greed Index has remained above 70 for four consecutive days, indicating a 'greed' level.

Wallet Watch

Post-Satoshi Bitcoin wallet awakens with $31M BTC

A post-Satoshi-era Bitcoin wallet awakened with 300 BTC worth $31,045,610, according to a report published on May 13, 2025.

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