American Bitcoin, a cryptocurrency mining company backed by Donald Trump Jr. and Eric Trump, is preparing to expand into Asia with the goal of increasing its Bitcoin reserves. According to the Financial Times, the firm is in talks with investors to acquire a publicly listed company in Japan, and possibly Hong Kong, mirroring the strategy used by Michael Saylor’s MicroStrategy to accumulate hundreds of thousands of bitcoins.
The company is already mining Bitcoin while building its own “strategic reserve.” Planned entries onto Asian stock exchanges would allow American Bitcoin to use local public companies as legal vehicles for holding BTC. This would enable investors in those markets to indirectly bet on Bitcoin simply by buying shares—without having to manage crypto wallets or private keys.
Japan and Hong Kong: Key Expansion Targets
Unlike MicroStrategy, which only purchases BTC, American Bitcoin also produces it using its own mining hardware. This combination of mining and accumulation is aimed at strengthening the company’s market position.
The Trump administration’s easing of digital asset regulations further paves the way for such ventures. Asia is especially attractive due to its strong retail interest in cryptocurrencies. Japanese investors have long been among the most active in the space, while Hong Kong is actively positioning itself as a crypto hub. The company stated that it is currently “selectively exploring growth opportunities in markets where U.S. leadership in Bitcoin could spark strong local demand,” but has not yet entered into any binding agreements.
From Trump Tower to Bitcoin Mining
American Bitcoin traces its roots back to American Data Centers (ADC), a subsidiary of Dominari Holdings—a fintech and securities firm headquartered in New York’s Trump Tower. In March of this year, ADC rebranded as American Bitcoin after entering a joint venture with fellow miner Hut 8, which transferred all of its mining equipment to the company in exchange for a majority stake. Donald Trump Jr. and Eric Trump were among its earliest investors.
The firm plans to list on the U.S. Nasdaq next month through a merger with Gryphon Digital Mining. This reverse merger will allow it to go public without the lengthy IPO process. Once listed, American Bitcoin aims to use the fresh capital to further expand its BTC reserves and potentially finance its planned acquisitions in Asia.
Trump’s Crypto Empire Keeps Growing
Parent company Dominari Holdings has announced a 520% year-over-year revenue increase (figures not yet audited), indicating rapid growth in Trump-linked crypto ventures.
The Trump family’s ambitions go beyond American Bitcoin. In June, President Donald Trump disclosed earning $57 million connected to World Liberty Financial, another cryptocurrency initiative. This week, the project announced a $1.5 billion buyback deal for its own tokens with blockchain firm ALT5 Sigma, based in Las Vegas.
Adding to this, Trump Media & Technology Group (TMTG)—operator of the Truth Social platform—plans to raise $1.5 billion in equity and another $1 billion through convertible bonds, with the aim of building its own Bitcoin treasury.
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