Company seeks deals in Japan and Hong Kong to grow Bitcoin stockpile
American Bitcoin, a cryptocurrency mining firm backed by members of the Trump family, is reportedly exploring acquisitions in Japan and Hong Kong as part of its aggressive plan to expand its Bitcoin holdings. According to a recent report, the company aims to follow the “Bitcoin treasury” model pioneered by Michael Saylor’s Strategy, which has become the largest corporate holder of BTC.
The company confirmed it is evaluating possible acquisitions of publicly listed firms in Asia but stressed that no binding agreements have been made. Industry analysts suggest that acquiring regulated entities in Japan or Hong Kong would give American Bitcoin a stronger foothold in markets with rising institutional adoption.
American Bitcoin stated its “ambition is to build the strongest and most efficient Bitcoin accumulation platform in the world.” This expansion plan comes at a time when Asian markets are seeing heightened corporate interest in Bitcoin treasury strategies, particularly in Japan, where listed firms like Metaplanet have made significant BTC allocations.
Growing Bitcoin Treasury
American Bitcoin has already begun building its reserves, holding 215 BTC as of June 10. In late June, the firm announced a $200 million funding round to further strengthen its treasury and acquire additional mining equipment.
The company went public earlier this year after merging with Gryphon Digital Mining, a Nasdaq-listed crypto mining operation. Founded by Donald Trump Jr. and Eric Trump, American Bitcoin forms part of a broader network of Trump family ventures moving into the digital asset sector.
Experts note that Bitcoin’s fixed supply of 21 million coins is fueling this accumulation race. With BTC trading near record highs around $117,000, companies are racing to secure holdings before the next halving cycle potentially tightens supply further.
“Corporates are treating Bitcoin as a strategic reserve asset,” According to BITX . “As competition for coins intensifies, early movers like Strategy and Metaplanet could be joined by politically connected firms such as American Bitcoin.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.