American Bitcoin, the mining firm connected to U.S. President Donald Trump’s family, is reportedly exploring high-profile acquisitions in Asia as part of an aggressive Bitcoin accumulation strategy.
Sources told the Financial Times the company is evaluating potential deals for a publicly listed firm in Japan, with Hong Kong also on its radar.
The move would mirror the playbook of Strategy, the U.S. company led by Michael Saylor that has built a staggering treasury of 628,946 BTC — worth about $73.8 billion at current prices.
American Bitcoin says its goal is to “build the strongest and most efficient Bitcoin accumulation platform in the world,” though it stressed that no formal commitments have been made yet.
Founded by Donald Trump Jr. and Eric Trump, the company went public earlier this year after merging with Nasdaq-listed Gryphon Digital Mining. It currently holds 215 BTC as of June 10 and recently raised $200 million to expand both its mining operations and its Bitcoin reserves.
The push comes amid a wider wave of accumulation among corporate Bitcoin treasuries. Strategy recently added 155 BTC worth $18 million to its holdings, while Japan’s Metaplanet announced a 518 BTC purchase, bringing its reserves to 18,133 BTC valued at around $2.1 billion.
Data from BitcoinTreasuries.net shows public companies now collectively hold 976,132 BTC — roughly $114.6 billion — while private firms control an additional 294,101 BTC worth $34.5 billion.
Analysts note that Bitcoin’s fixed 21 million supply is a key driver of its appeal, especially for companies seeking a hedge against currency debasement and inflation. For American Bitcoin, expanding into Asian markets could be a pivotal step toward joining the ranks of the largest corporate BTC holders in the world.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/trump-family-backed-miner-plots-aggressive-btc-growth-in-asia/