Trump-Linked Bitcoin Mining Firm Merges with Gryphon Digital to Go Public
In a significant development for the cryptocurrency mining sector, Hut8’s subsidiary, American Bitcoin, a mining firm associated with former President Donald Trump, has announced its merger with Gryphon Digital to go public. This strategic move is poised to strengthen its competitive edge in the rapidly evolving Bitcoin mining industry, drawing heightened investor interest and expanding its market influence. The merger highlights the increasing institutional demand for blockchain infrastructure and Bitcoin mining, signaling a broader acceptance of digital assets within traditional finance. As of June 2025, this development underscores the growing convergence of political and financial interests in the crypto space, further solidifying Bitcoin’s role as a cornerstone of the digital economy.
Trump-Linked Mining Firm to Merge and Go Public
Hut8’s subsidiary, American Bitcoin, a mining firm associated with former President Donald Trump, is set to go public through a merger with Gryphon Digital. The strategic move aims to bolster its position in the competitive crypto mining sector, attracting investor interest and expanding market influence.
The merger underscores the growing institutional appetite for blockchain infrastructure and Bitcoin mining. As traditional finance warms to digital assets, deals like this signal a maturation of the industry beyond speculative trading.
Metaplanet Expands Bitcoin Holdings to 6,796 BTC in Strategic Accumulation Move
Metaplanet, a Tokyo-based investment firm, has aggressively increased its bitcoin exposure with a ¥126.7 billion ($126.7 million) purchase of 1,241 BTC at ¥14.8 million per coin. The acquisition lifts its total holdings to 6,796 BTC—a 170% year-to-date return on its crypto investments.
The firm’s average entry price now stands at ¥13.27 million per Bitcoin across its $608.2 million position. This positions Metaplanet among Asia’s largest corporate BTC holders, challenging traditional norms in Japan’s risk-averse financial landscape.
Market observers note the MOVE could catalyze institutional adoption across the region, particularly among publicly traded firms seeking treasury diversification. The purchase was executed amid Bitcoin’s consolidation above $100,000, reflecting strong conviction in the asset’s long-term value proposition.
Bitcoin Price Tests Key Resistance Amid Institutional Accumulation
Bitcoin opened the week with bullish momentum, breaching $105,000 following positive sentiment from the U.S.-China trade deal. A cascade of short liquidations propelled the price past psychological barriers, accompanied by a surge in trading volume from $25 billion to over $75 billion. Institutional demand appears robust, with Q2 accumulation already exceeding Q1 totals by 80,000 BTC.
Whale activity underscores the bullish thesis. A single entity acquired $93.7 million worth of BTC, signaling heightened confidence among large holders. The market now watches whether this resistance zone will consolidate before another upward leg.
Strategy Amplifies Bitcoin Holdings with 15.5% Yield in 2025
Strategy has aggressively expanded its Bitcoin portfolio, acquiring 13,390 BTC at an average price of $99,856 per coin, totaling $1.34 billion. This move underscores the firm’s bullish stance on cryptocurrency, delivering a 15.5% year-to-date yield in 2025.
As of May 11, 2025, the company’s holdings now stand at 568,840 BTC, accumulated at an average cost of $69,287 per coin, representing a total investment of approximately $39.41 billion. The continued accumulation highlights institutional confidence in Bitcoin’s long-term value proposition.
David Bailey Raises $710M for Bitcoin Treasury in Merger with KindlyMD
David Bailey, CEO of Nakamoto and a key cryptocurrency advisor to former U.S. President Donald Trump, has secured $710 million in funding to establish a Bitcoin treasury-backed entity. The capital raise coincides with a merger with healthcare data firm KindlyMD, signaling a strategic push to integrate Bitcoin into traditional industries.
The move aims to bolster Bitcoin’s institutional adoption and reinforce its role in mainstream finance. Bailey’s dual role as both a crypto executive and political advisor underscores the growing convergence between digital assets and legacy financial systems.
This development follows increasing institutional interest in Bitcoin as a treasury asset, particularly among corporations seeking hedge against inflation. The merger structure suggests novel applications of Bitcoin’s value proposition beyond pure financial speculation.
Strategy Bolsters Bitcoin Holdings with $1.34B Purchase
Strategy (MSTR) has expanded its Bitcoin treasury with a $1.34 billion acquisition of 13,390 BTC, averaging $99,856 per coin. The move follows capital raises via stock offerings, solidifying its position as a corporate BTC heavyweight.
Total holdings now stand at 568,840 BTC—worth $59 billion at current prices—with an average cost basis of $69,287. The accumulation underscores institutional conviction despite volatile market conditions.
