Trump-Backed American Bitcoin Pursues Acquisitions in Asia for BTC Reserves

American Bitcoin, a mining company backed by Donald Trump Jr. and Eric Trump, is pursuing acquisitions in Asia to enhance its Bitcoin (BTC) reserves.

The company aims to acquire a publicly listed firm in Japan and is exploring opportunities in Hong Kong.
American Bitcoin is developing a strategic Bitcoin reserve, inspired by the approach of Michael Saylor from Strategy, which holds over 600,000 BTC.
The firm is engaging with Asian investors for potential acquisitions, aligning with a trend among companies building crypto treasury reserves.
American Bitcoin plans to go public via a reverse merger with Gryphon Digital Mining on Nasdaq.
Eric Trump is co-founder and chief strategy officer, involved in a rebranding from American Data Centers (ADC).
The company seeks to create an efficient platform for Bitcoin accumulation and long-term shareholder value.
American Bitcoin currently holds 1,941 BTC, valued at around $227 million.

The Trump family is expanding its presence in cryptocurrencies, with Donald Trump reporting earnings from World Liberty Financial, which plans a $1.5 billion acquisition of WLFI tokens. The Trump Media & Technology Group intends to raise funds for a Bitcoin treasury, indicating ongoing involvement in the crypto sector.

Bitcoin is trading at $117,270, having retraced 5% from its recent high of $124,100.