American Bitcoin, a US cryptocurrency miner backed by Donald Trump Jr. and Eric Trump, is seeking acquisitions in Asia to expand its Bitcoin holdings, according to people familiar with the plans.
Key Takeaways:
- American Bitcoin is exploring acquisitions in Japan and Hong Kong to grow its Bitcoin reserves.
- The company plans a September public listing via a reverse merger with Nasdaq-listed Gryphon Digital Mining.
- Its strategy mirrors Michael Saylor’s corporate Bitcoin treasury model but adds mining operations for new BTC supply.
The company is in discussions with investors to buy a publicly listed firm in Japan, with Hong Kong also under consideration, the Financial Times reported, citing three sources.
The strategy mirrors that of Michael Saylor’s Strategy, which has become the poster child for corporate Bitcoin treasuries.
American Bitcoin Eyes Asian Deals to Expand Strategic BTC Reserve
American Bitcoin, already building what it calls a “strategic” Bitcoin reserve, aims to use these acquisitions to accumulate more crypto.
In a statement, the firm said its goal is to create “the strongest and most efficient Bitcoin accumulation platform in the world,” focusing on efficient operations, active treasury management, and long-term shareholder value.
It added that while it is evaluating overseas opportunities, no binding commitments have been made.
The Trump family’s involvement in digital assets has grown sharply in recent months, coinciding with a friendlier U.S. regulatory environment under President Trump.
Bitcoin prices have surged alongside a boom in “crypto treasury companies,” publicly traded entities that use capital raised from equity or debt sales to purchase tokens.
These vehicles allow investors to gain Bitcoin exposure through stock markets rather than direct ownership.
Strategy, which holds roughly 629,000 BTC valued at $76 billion, now boasts a market cap nearing $110 billion. Unlike Strategy, American Bitcoin also mines Bitcoin, adding freshly minted coins to its balance sheet.
The company plans to go public in September via a reverse merger with Nasdaq-listed Gryphon Digital Mining. Eric Trump serves as co-founder and chief strategy officer.
Originally named American Data Centers (ADC), the miner was a wholly owned subsidiary of Dominari Holdings, a New York-based securities and fintech group headquartered in Trump Tower.
In March, ADC rebranded as American Bitcoin through a joint venture with Canadian miner Hut 8, which contributed all its mining equipment in exchange for a majority stake. Eric and Donald Trump Jr. were early investors in ADC.
Dominari Holdings Reports 520% Revenue Surge
Dominari Holdings, which appointed the Trump brothers to its board of advisers in February, reported a 520% year-on-year revenue increase this week.
American Bitcoin’s interest in Asia taps into markets with deep retail trading culture and growing regulatory openness toward crypto.
Hong Kong has positioned itself as a digital asset hub, and Japanese-listed vehicles could provide a regulated path for institutional and retail investors to participate.
The venture is one of several crypto-linked businesses tied to the Trump family.
In June, Donald Trump disclosed $57 million in income from World Liberty Financial, a crypto platform that recently announced a $1.5 billion token buyback in partnership with Las Vegas-based blockchain firm ALT5 Sigma.
Separately, Trump Media & Technology Group, which operates Truth Social, plans to raise $2.5 billion to establish its own Bitcoin treasury.
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