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American Bitcoin, the cryptocurrency venture with ties to former President Donald Trump's family, is reportedly scouting acquisition targets in Asia to expand its Bitcoin portfolio. Financial Times sources indicate the firm is evaluating potential takeovers of listed companies in Japan and Hong Kong, following the successful model of industry leader MicroStrategy.
The company stated its ambition to create "the world's most efficient Bitcoin accumulation platform," though emphasized no binding agreements have been made. As of June 10, American Bitcoin's treasury held 215 BTC, with recent funding rounds securing $200 million for further Bitcoin purchases and mining equipment.
Founded by Donald Trump Jr. and Eric Trump, the firm went public in May through a merger with Nasdaq-listed Gryphon Digital Mining. This move continues the Trump family's expanding involvement in cryptocurrency ventures, positioning American Bitcoin as a significant player in institutional crypto adoption.
The report emerges as major corporations continue expanding their Bitcoin reserves despite near-record prices. MicroStrategy recently added 155 BTC to its massive holdings of 628,946 coins, while Japan's Metaplanet purchased 518 BTC this week. Public companies now hold approximately 976,132 BTC worth $114.6 billion collectively.
American Bitcoin's focus on Japan and Hong Kong reflects growing institutional interest in Asia's crypto markets. The region offers established regulatory frameworks and increasing mainstream acceptance of digital assets, making it attractive for companies building long-term Bitcoin positions.
——Industry analysts note this expansion could significantly impact Asian crypto markets—— as major US-based firms seek to replicate MicroStrategy's successful treasury strategy in new jurisdictions.