American Bitcoin Targets Asia Acquisitions, Plans Nasdaq Listing
American Bitcoin, a US-based bitcoin miner backed by Donald Trump Jr. and Eric Trump, is targeting publicly listed acquisitions in Japan and Hong Kong to leverage Asia’s established regulations, high adoption and tech talent. The firm plans to adopt MicroStrategy’s bitcoin accumulation model to bolster its corporate treasury.
Domestically, American Bitcoin will pursue a Nasdaq listing through a reverse merger with Gryphon Digital Mining. Shareholders will vote on August 27, aiming to secure fresh capital in September. The funds will support infrastructure upgrades and expanded mining capacity.
These moves align with the Trump family’s wider crypto ventures, including Trump Media & Technology Group’s $2.5 billion bitcoin treasury plan and World Liberty Financial’s USD1 stablecoin on PancakeSwap. With over $57 million in crypto-related profits and a favorable US regulatory outlook, American Bitcoin’s strategy underscores growing institutional demand and reinforces bitcoin’s role as a strategic corporate asset.
Bullish
American Bitcoin’s planned Asia acquisitions and Nasdaq listing signal major capital inflows and institutional backing for its bitcoin mining and accumulation strategy. In the short term, the upcoming shareholder vote and merger announcement may boost market sentiment around the stock and bitcoin demand. Over the long term, expanded mining capacity and a stronger corporate treasury reinforce bitcoin’s scarcity narrative and corporate adoption trend, supporting a bullish outlook for BTC.