Trump-Backed Bitcoin Firm Targets Asia Expansion and Nasdaq Listing

• Set to acquire Asian firms to strengthen Bitcoin holdings
• Plans Nasdaq debut through reverse merger in September

On August 15, 2025, Cryptopolitan reported that American Bitcoin, a cryptocurrency mining firm backed by Donald Trump Jr. and Eric Trump, is pursuing strategic expansion into the Asian market. The company plans to acquire businesses in Japan and Hong Kong to bolster its Bitcoin reserves, capitalizing on growing cryptocurrency demand in these regions.

This expansion aims to use publicly listed companies in Asia as vehicles for holding Bitcoin, allowing local investors to gain indirect exposure to the cryptocurrency through equity investments. The company’s strategy mirrors firms like MicroStrategy, which hold substantial Bitcoin reserves. However, unlike MicroStrategy, American Bitcoin mines its own cryptocurrency, positioning itself as both an operational and treasury-focused entity.

American Bitcoin is set to go public in September 2025 through a reverse merger with Gryphon Digital Mining, a company already listed on Nasdaq. Upon completion of the merger, the newly combined entity will adopt the name American Bitcoin and trade under the Nasdaq ticker symbol "ABTC." A special meeting of stockholders has been scheduled for August 27, 2025, to finalize the merger, which is expected to close in early September. Leadership and governance of the merged entity will remain under the American Bitcoin team.

The company’s broader growth strategy is rooted in its rebranding and operational realignment. Previously known as American Data Centers (ADC), it was a subsidiary of Dominari Holdings, a fintech firm headquartered in Trump Tower. Earlier this year, Donald Trump Jr. and Eric Trump joined the board of Dominari Holdings, underscoring the Trump family’s involvement. The rebranding to American Bitcoin followed a joint venture with Hut 8, a cryptocurrency mining company, in which Hut 8 exchanged its mining equipment for a majority stake in ADC.

Dominari Holdings, the parent company before the rebrand, recently reported a substantial 520% year-over-year increase in revenue for the second quarter of 2025. This financial growth reflects strong market performance and underpins the ambitious expansion plans of American Bitcoin.

As of August 15, 2025, 15:16 UTC, Bitcoin (BTC) is trading at $117,503.50, showing a 0.91% decrease over the past 24 hours, according to CoinMarketCap.