Trump-Backed American Bitcoin Targets Asian Firms to Expand BTC Reserves

American Bitcoin, a U.S.-based cryptocurrency mining company backed by Donald Trump Jr. and Eric Trump, is pursuing acquisitions in Japan and Hong Kong to bolster its Bitcoin (BTC) reserves, according to a Financial Times report. This strategic move, announced on August 15, 2025, aims to transform acquired firms into regional Bitcoin treasury operations, mirroring MicroStrategy’s model, which holds 628,946 BTC valued at $73.8 billion.

The company, set to list on Nasdaq in September 2025 via a reverse merger with Gryphon Digital Mining, currently holds 1,941 BTC worth approximately $227 million. By targeting Asia’s vibrant crypto markets, American Bitcoin seeks to capitalize on Japan’s active retail trading and Hong Kong’s push to become a digital asset hub. This expansion aligns with a broader trend of corporate Bitcoin adoption, with public companies holding nearly 976,132 BTC globally.

American Bitcoin’s strategy involves acquiring publicly listed firms to create efficient Bitcoin accumulation platforms, leveraging Asia’s growing demand for crypto investments. The company, rebranded from American Data Centers after a joint venture with Hut 8, emphasizes operational efficiency and long-term shareholder value. No binding commitments have been confirmed, but talks with investors are underway.

This move reflects the Trump family’s deepening crypto involvement, including World Liberty Financial’s $57 million earnings and Trump Media & Technology Group’s $2.5 billion Bitcoin treasury plan. Analysts suggest these acquisitions could tighten Bitcoin’s supply, reinforcing its scarcity narrative amid rising institutional demand. As Asia embraces digital assets, American Bitcoin’s bold strategy positions it as a key player in the global crypto race.