Trump-Linked American Bitcoin Eyes Asia Acquisitions to Expand BTC Holdings

American Bitcoin, a cryptocurrency mining company associated with the Trump family, is reportedly exploring strategic acquisitions in Asia to significantly increase its Bitcoin (BTC) holdings.

According to a Financial Times report, the company aims to acquire at least one publicly listed firm in Japan, and possibly another in Hong Kong. This approach mirrors the successful Strategy company model, which currently holds around 628,946 BTC valued at approximately $73.8 billion.

American Bitcoin has expressed its vision to establish the most robust and efficient Bitcoin accumulation platform globally. While evaluations of potential acquisitions in selected regions are ongoing, no binding agreements have been finalized as of now.

Part of the expanding Trump family crypto businesses, American Bitcoin was founded by Donald Trump Jr. and Eric Trump. In May, the company announced its public listing through a merger with Gryphon Digital Mining, a Nasdaq-listed crypto mining company.

By June 10, American Bitcoin had accumulated a treasury of 215 Bitcoin. Later that month, it raised $200 million to bolster its treasury and invest in additional Bitcoin mining hardware.

Bitcoin treasury firms keep growing BTC amidst price highs

Following the precedent set by Strategy, Bitcoin treasury companies continue to accumulate BTC despite the cryptocurrency hovering near all-time high levels.

Recently, Strategy added 155 BTC worth approximately $18 million, pushing its holdings to over 628,946 Bitcoins.

Similarly, Japanese Bitcoin treasury firm Metaplanet disclosed the purchase of 518 BTC, increasing its total reserves to 18,133 BTC valued around $2.1 billion.

Data from BitcoinTreasuries.NET shows that publicly traded companies collectively hold about 976,132 Bitcoin, worth an estimated $114.6 billion, while private firms own approximately 294,101 BTC valued at $34.5 billion.

The appeal of Bitcoin’s scarcity—limited to a total supply of 21 million coins—remains strong amid concerns over currency debasement and inflation.

Related: Bitcoin pioneer Willy Woo has sold most of his BTC – find out why