A company in Japan, a company in Hong Kong? Trump's son wants to acquire companies in Asia to "stockpile currency"

A major foray into the cryptocurrency field! An American cryptocurrency company supported by Trump's two sons is looking to acquire companies in Asia to stockpile cryptocurrencies in large quantities.

On August 15th, according to media reports, American Bitcoin, a cryptocurrency mining company supported by Trump's two sons Eric Trump and Donald Trump Jr., is seeking acquisition targets in Asia, planning to stockpile cryptocurrencies through these companies.

According to three insiders, American Bitcoin plans to acquire a publicly listed company in Japan and may simultaneously acquire a company in Hong Kong. This acquisition plan aims to emulate the model of Michael Saylor's MicroStrategy, expanding the scale of cryptocurrency accumulation through Asian platforms.

The company's co-founder and Chief Strategy Officer Eric Trump stated, the company's ambition is to "build the world's most powerful and efficient Bitcoin accumulation platform."

This move could release a new demand pool for the Asian cryptocurrency market, which has long had an active retail trading community interested in cryptocurrencies.

Emulating the MicroStrategy Model to Enter Asia

American Bitcoin has begun to build its own "strategic" Bitcoin reserves and is exploring ways to expand its cryptocurrency accumulation scale through acquisitions of Asian companies.

This strategy emulates the approach of MicroStrategy, which pioneered the accumulation of Bitcoin through publicly listed companies. MicroStrategy's market capitalization has soared to nearly $110 billion, and the company holds approximately 629,000 Bitcoins, valued at $76 billion.

This model allows investors to indirectly bet on cryptocurrency prices through the stock market, which is more convenient for many traders than directly holding tokens.

Notably, thanks to a favorable regulatory environment, Bitcoin prices have continued to soar, leading to explosive growth in so-called "cryptocurrency treasury companies." These companies raise funds by issuing stocks or bonds to purchase tokens, providing investors with a channel to indirectly invest in cryptocurrencies through the stock market.

American Bitcoin stated in a press release, the company is "selectively exploring value-added opportunities in other markets, and we believe that the U.S. leadership in Bitcoin can drive strong local demand." However, the company emphasized that while it is evaluating possibilities in certain regions, no binding commitments have been made yet.

The Trump Family's Cryptocurrency Landscape

American Bitcoin is one of many cryptocurrency investment projects by the Trump family. The company was originally named American Data Centers (ADC) and is a wholly-owned subsidiary of Dominari Holdings, a securities and fintech group headquartered in Trump Tower, New York. It was renamed after forming a joint venture with another cryptocurrency mining company, Hut 8, at the end of March this year As part of the transaction, Hut 8 agreed to hand over all mining equipment in exchange for a majority stake in ADC. Eric Trump and Donald Trump Jr. are early investors in ADC. In February of this year, Dominari Holdings added Donald Trump Jr. and Eric Trump to its board advisory team.

The company is set to go public in the U.S. in September through a reverse merger with Nasdaq-listed mining company Gryphon Digital Mining.

Trump himself is also deeply involved in the cryptocurrency business. In June of this year, he reported $57 million in income from the cryptocurrency group World Liberty Financial. The group announced this week that it will partner with Las Vegas blockchain company ALT5 Sigma Corporation to purchase $1.5 billion in its own tokens.

Additionally, the Trump Media & Technology Group (TMTG), controlled by the Trump family, operates the Truth Social platform and has stated plans to raise $1.5 billion in new equity funding and $1 billion in convertible bonds to create a "Bitcoin treasury."