Trump Family-Backed Miner American Bitcoin Plans to Acquire Companies in Asia to Build Bitcoin Treasury
According to a report by Jinse Finance citing sources from the Financial Times, a U.S. cryptocurrency mining company backed by Donald Trump Jr. and Eric Trump is seeking acquisition targets in Asia to build a Bitcoin asset reserve. The company, named American Bitcoin, has begun approaching investors regarding potential acquisitions and is currently planning to acquire a publicly listed company in Japan, with possible expansion into the Hong Kong market as well. Three sources familiar with the matter stated that the company aims to emulate the MicroStrategy model by establishing a cryptocurrency reserve platform through the acquisition of listed companies. The Trump family has recently made significant moves into the crypto sector, driving up Bitcoin prices amid a more favorable regulatory environment and giving rise to a wave of “crypto treasury companies” that raise funds through stock or bond issuances to purchase tokens.
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