American Bitcoin eyes acquisition of Asia-listed Bitcoin companies

American Bitcoin (ABTC), a U.S. Bitcoin mining company backed by President Donald Trump’s two sons, is exploring acquisitions of Bitcoin-related companies in Asia, the Financial Times reported. Sources familiar with the matter said the company is focusing on acquiring a listed firm in Japan and may also target one in Hong Kong. The company said it is reviewing opportunities in several regions but has not made any binding commitments. ABTC plans to go public in the U.S. this September through a reverse merger with Nasdaq-listed miner Gryphon Digital Mining.