American Bitcoin, the crypto mining firm backed by Donald Trump Jr. and Eric Trump, is looking to buy companies in Asia as part of a bigger plan to load up on Bitcoin, according to a report by the Financial Times.
The company has started talking to investors about acquiring a public company in Japan, and possibly one in Hong Kong, to expand its crypto reserves by copying Michael Saylor’s Strategy model.
While American Bitcoin is already mining Bitcoin and building its own “strategic reserve,” this new move into Asia is part of a bigger play. The firm wants to use existing public companies overseas as legal shells to hold Bitcoin, allowing traders in local markets to indirectly bet on the coin by buying shares.
That’s the same approach Strategy used to stockpile around 629,000 BTC, now worth $76 billion, even though the company’s market value has jumped to nearly $110 billion.
Company eyes Japan, Hong Kong for crypto expansion
Unlike Strategy, which doesn’t mine Bitcoin, American Bitcoin actually produces the coin using its own hardware. The goal now is to stack more of it by turning Asian stock listings into crypto vaults.
These types of crypto treasury companies are on the rise, especially with the Trump administration easing regulations around digital coins. They raise money by selling shares or bonds, then flip that money into Bitcoin.
Retail traders in Asia, who already have a strong appetite for crypto, don’t have to worry about wallets or private keys. They can just buy stock and ride the price.
Asia’s demand is key. Japan’s retail traders have been deep into crypto for years, and Hong Kong has been working hard to become a crypto hub. American Bitcoin sees both as ripe for takeover. The company said, “We selectively explore accretive opportunities in other markets where we believe US leadership in Bitcoin can drive strong local demand.” It also stressed that while it’s looking, “we have not made any binding commitments.”
Eric Trump, who co-founded the company and serves as chief strategy officer, hasn’t commented on the plans. Neither has Donald Trump Jr., though both men were added to the board of Dominari Holdings, the parent company, earlier this year.
Mining gear deal, Trump Tower roots, and public listing plan
American Bitcoin wasn’t always called that. The company started as American Data Centers (ADC), a subsidiary of Dominari, a fintech and securities firm headquartered in Trump Tower in New York. In March, the company rebranded after entering a joint venture with Hut 8, another crypto miner.
As part of that deal, Hut 8 handed over all its mining equipment in exchange for a majority stake in ADC. Both Donald Trump Jr. and Eric Trump were already early investors.
Next month, American Bitcoin will go public in the US by merging with Gryphon Digital Mining, which is already listed on the Nasdaq. That reverse merger will allow the company to list without going through the traditional IPO process.
Once public, the company will likely use its new equity to expand its Bitcoin holdings and possibly fund the Asian acquisitions.
Meanwhile, Dominari Holdings just reported a 520% year-on-year increase in revenue, though the numbers were unaudited. That’s another signal that the Trump-linked crypto network is generating serious cash flow across different ventures.
And the Trump family isn’t stopping at American Bitcoin. In June, President Donald Trump disclosed $57 million in income tied to World Liberty Financial, another crypto group. This week, that company announced a deal to buy $1.5 billion worth of its own tokens with ALT5 Sigma Corporation, a Las Vegas blockchain company.
On top of that, the family’s social media business, Trump Media & Technology Group (TMTG), which runs Truth Social, said it plans to raise $1.5 billion in equity and another $1 billion through convertible bonds, all to build its own Bitcoin treasury.
