Trump-Backed American Targets Japan, Hong Kong Acquisitions to Boost Bitcoin Reserves
American Bitcoin, a US cryptocurrency miner backed by Donald Trump Jr. and Eric Trump, is seeking acquisitions in Asia to expand its Bitcoin holdings, according to people familiar with the plans. The company is exploring opportunities in Japan and Hong Kong to grow its Bitcoin reserves, mirroring the strategy of Michael Saylor’s corporate Bitcoin treasury model but with the added benefit of mining operations for new BTC supply.
The company is in discussions with investors to buy a publicly listed firm in Japan, with Hong Kong also under consideration, as reported by the Financial Times, citing three sources. This move is part of American Bitcoin’s goal to create “the strongest and most efficient Bitcoin accumulation platform in the world,” focusing on efficient operations, active treasury management, and long-term shareholder value.
American Bitcoin’s Expansion Plans
American Bitcoin, already building what it calls a “strategic” Bitcoin reserve, aims to use these acquisitions to accumulate more crypto. The company plans a September public listing via a reverse merger with Nasdaq-listed Gryphon Digital Mining. Eric Trump serves as co-founder and chief strategy officer. Unlike Michael Saylor’s Strategy, which holds roughly 629,000 BTC valued at $76 billion, American Bitcoin also mines Bitcoin, adding freshly minted coins to its balance sheet.
The Trump family’s involvement in digital assets has grown sharply in recent months, coinciding with a friendlier U.S. regulatory environment under President Trump. Bitcoin prices have surged alongside a boom in “crypto treasury companies,” publicly traded entities that use capital raised from equity or debt sales to purchase tokens. These vehicles allow investors to gain Bitcoin exposure through stock markets rather than direct ownership.
Dominari Holdings Reports Revenue Surge
Dominari Holdings, which appointed the Trump brothers to its board of advisers in February, reported a 520% year-on-year revenue increase this week. American Bitcoin’s interest in Asia taps into markets with deep retail trading culture and growing regulatory openness toward crypto. Hong Kong has positioned itself as a digital asset hub, and Japanese-listed vehicles could provide a regulated path for institutional and retail investors to participate.
In June, Donald Trump disclosed $57 million in income from World Liberty Financial, a crypto platform that recently announced a $1.5 billion token buyback in partnership with Las Vegas-based blockchain firm ALT5 Sigma. Separately, Trump Media & Technology Group, which operates Truth Social, plans to raise $2.5 billion to establish its own Bitcoin treasury.
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