American Bitcoin Enters Definitive Stock-for-Stock Merger with Gryphon Digital Mining

BitBridge Capital Strategies Merges with Green Mountain Merger Inc. to Become Public

August 5, 2025

Financial Services

BitBridge Capital Strategies completed a merger with Green Mountain Merger Inc., enabling BitBridge to begin trading on the OTC market under the ticker BTTL and pursue an eventual NASDAQ uplisting. The transaction positions BitBridge as a pure-play Bitcoin treasury company focused on accumulating Bitcoin reserves and launching consumer-facing Bitcoin lending products.

NYDIG to Acquire Crusoe’s Bitcoin Mining Operations

March 25, 2025

Energy

NYDIG entered into a definitive agreement to acquire Crusoe’s Bitcoin mining operations, including over 270MW of power generation technology tied to Crusoe’s Digital Flare Mitigation (DFM) approach. NYDIG plans to integrate and expand the mining team and operate the acquired business inside its existing Power & Bitcoin Mining division, subject to regulatory approvals and customary consents.

Graph Blockchain Acquires Babbage Mining Corp.

January 26, 2021

IT Services

Graph Blockchain Inc. entered into a definitive share exchange agreement to acquire all issued and outstanding securities of Babbage Mining Corp. for an aggregate deemed purchase price of $4.8 million, satisfied by issuing 60 million units of Graph. The acquisition is expected to close on or before February 1, 2021 and is subject to customary closing conditions; Graph also announced a concurrent non-brokered private placement to raise up to $2.0 million.

American Express Global Business Travel (GBT) to Go Public via Business Combination with Apollo Strategic Growth Capital

December 3, 2021

IT Services

American Express Global Business Travel (GBT) entered into a definitive business combination agreement with special purpose acquisition company Apollo Strategic Growth Capital (APSG) to create a large publicly traded B2B travel platform. The transaction is expected to provide up to $1.2 billion of gross proceeds (including an upsized $335 million PIPE) and is anticipated to close in the first half of 2022, subject to customary conditions.

Strive Asset Management and Asset Entities Announce Merger to Create First Publicly Traded Bitcoin Treasury Company

September 12, 2025

Financial Services

Strive Asset Management (a subsidiary of Strive Enterprises) and Asset Entities (Nasdaq: ASST) entered into a definitive merger agreement to combine and form a publicly traded Bitcoin treasury company under the Strive brand. The transaction is paired with a $750 million PIPE with potential additional $750 million from warrant exercises (total potential proceeds up to about $1.5 billion) to fund the initial wave of Bitcoin acquisitions and accumulation strategies.

Gryphon Investors Completes Majority Growth Recapitalization of Fortreum

January 7, 2026

Cybersecurity

Gryphon Investors has completed a majority growth recapitalization of Fortreum, a Lansdowne, Virginia-based cybersecurity services firm specializing in compliance, audit, and technical testing including FedRAMP, CMMC, ISO, PCI, and SOC. The investment will fund expansion of Fortreum's offerings and accelerate development and adoption of its XRAMP continuous validation platform and AI-enabled capabilities; company founders will retain a significant equity stake. Financial terms were not disclosed.