Key Takeaways
- As per media reports, the miner has been in discussions with investors regarding potential deals.
- The company is reportedly seeking to purchase at least one publicly listed company in the region, with Japan and Hong Kong under consideration.
American Bitcoin, the crypto mining company backed by Donald Trump Jr. and Eric Trump, is exploring acquisitions in Asia as part of its effort to build a large-scale bitcoin treasury.
The company is reportedly seeking to purchase at least one publicly listed company in the region, with Japan and Hong Kong under consideration.
According to a Financial Times report, the miner has been in discussions with investors regarding potential deals. The move is seen as part of a broader strategy to expand holdings of bitcoin while also strengthening its market presence through listed entities abroad.
The approach mirrors that of MicroStrategy, the Nasdaq-listed firm that has become the most prominent corporate bitcoin holder. MicroStrategy has accumulated 628,946 BTC, valued at approximately USD 73.8 billion, according to recent data.
In late 2024, MicroStrategy’s co-founder Saylor pledged to keep buying Bitcoin no matter how high it surges. It further predicted that Bitcoin is going to hit USD 21 million in the next 21 years.
As per media reports, the company said its “ambition is to build the strongest and most efficient Bitcoin accumulation platform in the world.” It added that it was examining opportunities in certain regions, but stressed that no binding commitments had been made.
American Bitcoin was launched by the former president’s sons earlier this year. In May, it announced plans to go public through a merger with Gryphon Digital Mining, a Nasdaq-listed miner. The transaction provided the company with an immediate listing on the US market and a platform to raise additional funds.
The company has already begun to assemble its bitcoin treasury. As of 10 June, it held 215 BTC. On 30 June, American Bitcoin disclosed a $200 million raise aimed at expanding its treasury reserves and acquiring new mining equipment.
Executives believe that accumulating bitcoin through direct purchases and mining activities will position the company as a leading corporate holder of the digital assets.
