American Bitcoin, a cryptocurrency mining firm associated with Donald Trump Jr. and Eric Trump, is actively pursuing acquisitions of publicly listed companies in Japan and Hong Kong to accelerate its Bitcoin (BTC) accumulation strategy. According to the Financial Times, the company aims to convert acquired Asian entities into regional Bitcoin treasury operations, mirroring MicroStrategy's successful model of corporate BTC reserves. MicroStrategy currently holds 628,946 BTC worth $73.8 billion.
The Trump-backed miner has already established a Bitcoin treasury holding 215 BTC (as of June 10) and recently secured $200 million in funding to purchase mining equipment and additional BTC. American Bitcoin is preparing for a September Nasdaq listing via a reverse merger with Gryphon Digital Mining, subject to shareholder approval on August 27. This move is expected to enhance capital access for global expansion.
By targeting Asia, the company seeks to leverage deep crypto trader markets and regulated environments to position the U.S. as a leader in Bitcoin adoption. American Bitcoin mines BTC directly through an exclusive partnership with Canadian miner Hut 8, enabling operational efficiency in reserve growth. Parent company Dominari Holdings reported a 520% year-on-year revenue surge, operating from Trump Tower.
The development coincides with broader Trump-family crypto ventures, including Trump Media & Technology Group's plans for a $2.5 billion Bitcoin treasury and World Liberty Financial's stablecoin launch. Public companies globally now hold 976,132 BTC ($114.6 billion), per BitcoinTreasuries.NET, underscoring BTC's appeal amid currency debasement concerns.