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Trump-Backed American Bitcoin Targets Asian Companies For Strategic BTC Acquisitions

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 доклад 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. 

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 данни.

American Bitcoin

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.

Trump Family Strengthens Crypto Presence

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 Kong, has been making significant efforts to become a hub for digital assets. Establishing treasury companies in these regions could generate new demand for cryptocurrencies, which aligns with American Bitcoin’s vision.

In addition to American Bitcoin, the Trump family has diversified its crypto ventures. President Donald Trump recently reported earnings of $57 million from his involvement with World Liberty Financial, which announced plans to acquire $1.5 billion worth of its own WLFI tokens. 

Meanwhile, the Trump Media & Technology Group (TMTG) intends to raise funds for a “Bitcoin treasury,” highlighting the family’s ongoing commitment to the cryptocurrency space.

American Bitcoin

As of this writing, American Bitcoin holds 1,941 BTC, currently valued at approximately $227 million. Bitcoin is currently trading at $117,270, having retraced 5% from its record high of $124,100 earlier this week.

Featured image from DALL-E, chart from TradingView.com 


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