Trump family linked American Bitcoin looks at Asia for deals to stack crypto reserves
The post Trump family linked American Bitcoin looks at Asia for deals to stack crypto reserves appeared on BitcoinEthereumNews.com. American Bitcoin, the crypto mining firm backed by Donald Trump Jr. and Eric Trump, is looking to buy companies in Asia as part of a bigger plan to load up on Bitcoin, according to a report by the Financial Times. The company has started talking to investors about acquiring a public company in Japan, and possibly one in Hong Kong, to expand its crypto reserves by copying Michael Saylor’s Strategy model. While American Bitcoin is already mining Bitcoin and building its own “strategic reserve,” this new move into Asia is part of a bigger play. The firm wants to use existing public companies overseas as legal shells to hold Bitcoin, allowing traders in local markets to indirectly bet on the coin by buying shares. That’s the same approach Strategy used to stockpile around 629,000 BTC, now worth $76 billion, even though the company’s market value has jumped to nearly $110 billion. Company eyes Japan, Hong Kong for crypto expansion Unlike Strategy, which doesn’t mine Bitcoin, American Bitcoin actually produces the coin using its own hardware. The goal now is to stack more of it by turning Asian stock listings into crypto vaults. These types of crypto treasury companies are on the rise, especially with the Trump administration easing regulations around digital coins. They raise money by selling shares or bonds, then flip that money into Bitcoin. Retail traders in Asia, who already have a strong appetite for crypto, don’t have to worry about wallets or private keys. They can just buy stock and ride the price. Asia’s demand is key. Japan’s retail traders have been deep into crypto for years, and Hong Kong has been working hard to become a crypto hub. American Bitcoin sees both as ripe for takeover. The company said, “We selectively explore accretive opportunities in other…
The post Trump family linked American Bitcoin looks at Asia for deals to stack crypto reserves appeared on BitcoinEthereumNews.com.
American Bitcoin, the crypto mining firm backed by Donald Trump Jr. and Eric Trump, is looking to buy companies in Asia as part of a bigger plan to load up on Bitcoin, according to a report by the Financial Times. The company has started talking to investors about acquiring a public company in Japan, and possibly one in Hong Kong, to expand its crypto reserves by copying Michael Saylor’s Strategy model. While American Bitcoin is already mining Bitcoin and building its own “strategic reserve,” this new move into Asia is part of a bigger play. The firm wants to use existing public companies overseas as legal shells to hold Bitcoin, allowing traders in local markets to indirectly bet on the coin by buying shares. That’s the same approach Strategy used to stockpile around 629,000 BTC, now worth $76 billion, even though the company’s market value has jumped to nearly $110 billion. Company eyes Japan, Hong Kong for crypto expansion Unlike Strategy, which doesn’t mine Bitcoin, American Bitcoin actually produces the coin using its own hardware. The goal now is to stack more of it by turning Asian stock listings into crypto vaults. These types of crypto treasury companies are on the rise, especially with the Trump administration easing regulations around digital coins. They raise money by selling shares or bonds, then flip that money into Bitcoin. Retail traders in Asia, who already have a strong appetite for crypto, don’t have to worry about wallets or private keys. They can just buy stock and ride the price. Asia’s demand is key. Japan’s retail traders have been deep into crypto for years, and Hong Kong has been working hard to become a crypto hub. American Bitcoin sees both as ripe for takeover. The company said, “We selectively explore accretive opportunities in other…
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