According to BlockBeats news on August 16, citing informed sources from the Financial Times, a U.S. cryptocurrency mining company supported by Donald Trump Jr., the eldest son of Trump, and his second son Eric Trump, is looking for acquisition targets in Asia to build a Bitcoin asset reserve. The company, named American Bitcoin, has begun discussions with investors regarding potential acquisitions and is currently planning to acquire a publicly traded company in Japan, with possible simultaneous expansion into the Hong Kong market.
Three informed sources stated that the company intends to emulate the MicroStrategy model by acquiring a publicly traded company to build a cryptocurrency reserve platform. The Trump family has recently made significant inroads into the cryptocurrency field, driving up Bitcoin prices against a backdrop of a warming regulatory environment, and giving rise to a batch of 'crypto treasury companies' that raise funds through issuing stocks or bonds to purchase tokens.
