👨🏻‍🦳 Trump backed American Bitcoin targets acquisitions in Asia to boost Bitcoin reserves

American Bitcoin, a Bitcoin mining entity backed by Eric Trump and Donald Trump Jr., is in talks with investors about buying a listed company in Japan and potentially in Hong Kong, aiming to turn the acquisitions into regional crypto treasury vehicles, the Financial Times reported Friday.

It’s the same playbook that Michael Saylor’s Strategy has used to amass 629,000 BTC and achieve a $110 billion market cap. Multiple companies have adopted Strategy’s approach and brought Bitcoin, as well as other major crypto assets, onto their balance sheets.

American Bitcoin, which recently disclosed ownership of 215 BTC, is set to go public through a reverse merger with Nasdaq-listed miner Gryphon Digital Mining. Gryphon shareholders will vote on the merger on August 27.

American Bitcoin did not confirm any acquisition plans when questioned by the FT. In a statement, the company said it aims to create “the strongest and most efficient Bitcoin accumulation platform in the world” by prioritizing operational efficiency, active treasury management, and long-term shareholder value.

The company said it is exploring international markets where US leadership in Bitcoin could stimulate demand, while stressing that no definitive agreements have been signed.

American Bitcoin originated as American Data Centers, a subsidiary of Dominari Holdings based in New York’s Trump Tower. It was rebranded in March following a joint venture with Hut 8, which transferred its mining equipment in exchange for a majority stake in the company.

Post-merger, American Bitcoin aims to boost its Bitcoin mining capacity and infrastructure in the US. Hut 8 will retain a major share of ownership and remain the exclusive operations partner.

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