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3d ago

American Bitcoin Pursues Asian Acquisitions Ahead of Nasdaq Reverse Merger

Preparing for an August 27 vote on its Gryphon Digital Mining merger, the Trump family–backed firm plans to scale its Bitcoin reserves through potential acquisitions in Japan or Hong Kong.

Trump-backed American Bitcoin targets acquisitions in Asia to boost Bitcoin reserves
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Overview

  • American Bitcoin is reportedly in talks to acquire a listed firm in Japan and is exploring a separate transaction in Hong Kong to establish regional Bitcoin treasury vehicles.
  • The company aims to go public via a reverse merger with Nasdaq-listed Gryphon Digital Mining, with shareholders scheduled to vote on August 27.
  • Reports conflict on American Bitcoin’s existing holdings, citing figures of 215 BTC and 1,941 BTC, while the company emphasizes that no definitive acquisition agreements have been signed.
  • Hut 8 retains majority ownership in the rebranded firm and remains its exclusive operations partner following the joint venture that transformed American Data Centers into American Bitcoin.
  • The expansion forms part of the Trump family’s broader crypto push, which includes initiatives by TMTG and World Liberty Financial targeting token projects and treasury strategies.