According to reports cited by the Financial Times, American Bitcoin, a Bitcoin mining company supported by U.S. President Trump's two sons, Donald Trump Jr. and Eric Trump, is seeking to acquire companies located in Asia, intending to accumulate Bitcoin (BTC) in large quantities through these businesses, emulating the model of Strategy.
American Bitcoin, which is establishing its own 'strategic' Bitcoin reserves, is in contact with investors to explore potential acquisition interests. According to three insiders, the company plans to acquire a listed company in Japan and may extend its target to Hong Kong.
American Bitcoin states that its goal is to create the most powerful and efficient Bitcoin accumulation platform globally, focusing on high operational efficiency, proactive financial management, and creating long-term value for shareholders. The company stated in its announcement:
On this solid foundation, the company will selectively seek opportunities in other markets that could add value, markets where it believes the U.S.'s leadership in Bitcoin can stimulate strong local demand. We are currently evaluating possibilities in specific regions but have not made any binding commitments.
In recent months, the Trump family has been actively entering the cryptocurrency market, while the surge in Bitcoin prices has also driven the rise of 'cryptocurrency financial companies.' These companies raise funds by issuing stocks or bonds, using the proceeds to purchase cryptocurrencies, allowing investors to indirectly bet on price trends through the stock market. For many traders, this is much simpler than directly holding cryptocurrencies.
The company that pioneered this strategy, Strategy, has seen its market value soar to nearly $110 billion, with a total holding of 628,946 Bitcoins, worth approximately $74.9 billion. Unlike Strategy, American Bitcoin establishes Bitcoin strategic reserves through mining activities.
Asia has long had a group of enthusiastic amateur traders in cryptocurrencies, and Hong Kong is committed to positioning itself as a digital asset center. Introducing new cryptocurrency financial firms into the local market may bring new sources of demand.
American Bitcoin was established in collaboration with the publicly listed mining company Hut 8 and the Trump family, with Eric Trump as co-founder and chief strategist. The company is expected to go public in the U.S. in September through a reverse merger with the mining company Gryphon Digital Mining (stock code: GRYP).
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