American Bitcoin, a U.S.-based Bitcoin mining firm backed by Eric Trump and Donald Trump Jr., is reportedly seeking acquisitions in Asia to expand its Bitcoin holdings. The company is targeting listed firms in Japan and Hong Kong to strengthen its Bitcoin treasury while leveraging Asia's growing crypto trading markets.

The company views this expansion as a way to position the U.S. as a leader in global Bitcoin activity. American Bitcoin aims to replicate the success of corporate strategies that integrate Bitcoin into their balance sheets, similar to Michael Saylor's Strategy. Strategy has amassed 629,000 BTC and achieved a $110 billion market cap. These acquisitions would provide access to regulated markets, facilitating smoother entry into the Asian crypto economy and reducing risk while expanding the company's Bitcoin footprint across borders.

American Bitcoin is preparing to list publicly in September through a reverse merger with Gryphon Digital Mining on the Nasdaq. Gryphon shareholders will vote on the deal on August 27. The merger will provide the company broader access to capital and enhance its infrastructure. Post-merger, American Bitcoin aims to boost its Bitcoin mining capacity and infrastructure in the US. Hut 8 will retain a major share of ownership and remain the exclusive operations partner.

American Bitcoin originated as American Data Centers, a subsidiary of Dominari Holdings based in New York's Trump Tower. It was rebranded in March following a joint venture with Hut 8, which transferred its mining equipment in exchange for a majority stake in the company.

The company has not confirmed any specific deals but continues to evaluate options in both countries. It stated it will not finalize any agreements until thorough assessments are complete. However, the intention remains clear—to use public listings in Asia to accelerate Bitcoin reserve growth.

These markets offer a deep base of amateur crypto traders, providing a ready audience for future BTC-linked ventures. 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.

The Trump family's recent involvement in digital currencies has contributed to rising bitcoin prices and has fueled the growth of "crypto treasury" companies, which raise capital through stock or debt issuance to invest in tokens. This model offers a simpler way for investors to gain exposure to crypto without owning it directly.

Eric Trump, co-founder and chief strategy officer, has been a key driver of the firm's expansion. The company was formerly known as "American Data Centers" and rebranded in partnership with Hut 8, which provided its mining equipment in exchange for a majority stake.

The Trump family is actively engaged across multiple crypto ventures, including President Trump's involvement in World Liberty Financial and plans by Trump Media & Technology Group to build a $2.5 billion bitcoin treasury through equity and convertible bond offerings.