Overview

• American Bitcoin is in discussions to acquire publicly listed firms in Japan and is evaluating potential deals in Hong Kong to establish regional crypto treasury vehicles.
• It plans to secure a Nasdaq listing through a reverse merger with Gryphon Digital Mining, with shareholders set to vote on August 27.
• Hut 8 holds a majority stake and remains the exclusive operations partner following the March joint venture that prompted the rebrand from American Data Centers.
• Public reports differ on its bitcoin holdings and fundraising—figures range from 215 BTC to 1,941 BTC and an alleged $200 million raise remains unverified.
• Company statements highlight an ambition to mirror Michael Saylor’s corporate treasury playbook by building an efficient bitcoin accumulation platform.