American Bitcoin, the recently established mining company backed by Donald Trump Jr. and Eric Trump, is actively seeking opportunities to acquire companies in Asia to bolster its Bitcoin (BTC) reserves.
According to a report by the Financial Times, sources familiar with the matter indicated that the company aims to purchase a publicly listed firm in Japan, with potential interests in Hong Kong as well.
American Bitcoin Aims To Mirror Strategy’s Success
American Bitcoin is already in the process of developing its own strategic Bitcoin reserve, mulling President Donald Trump’s very own vision of creating a stockpile of the market’s leading crypto for the country.
The Financial Times asserts that the company established in collaboration with Hut 8 is currently engaging with investors in the Asian region regarding potential acquisitions.
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The company’s ambition is said to mirror the successful approach of Michael Saylor, the founder of Strategy (formerly MicroStrategy), which has the largest Bitcoin holdings of any public company, surpassing 600,000 BTC coins according to Bitcointreasuries.Net data.
The firm’s goal coincides with that of other companies exploring the crypto treasury reserve approach. These companies focus on assets beyond Bitcoin, including Ethereum (ETH), Binance Coin (BNB), and TRON, among others.
These firms sell shares or debt to fund their purchases of digital assets, allowing investors to gain exposure to cryptocurrency prices without directly owning the tokens. This method has appealed to many traders, particularly in a newly favorable regulatory environment for digital assets in the US.
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The company is preparing to go public in September via a reverse merger with Gryphon Digital Mining, which is already listed on Nasdaq under the ticker name GRYP.
Eric Trump serves as the co-founder and chief strategy officer of American Bitcoin, a rebranded entity that evolved from American Data Centers (ADC), previously a subsidiary of Dominari Holdings.
American Bitcoin recently disclosed its goal of creating an efficient platform for Bitcoin accumulation, emphasizing active treasury management and long-term value creation for shareholders. The company noted that while it is exploring opportunities in specific regions, no binding commitments have yet been made.
The Asian market, particularly Hong…
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