The Financial Times reports that a Bitcoin company backed by Donald Trump Jr. and Eric Trump is looking for opportunities in Asia. The firm, called American Bitcoin, is exploring potential acquisitions in Japan and Hong Kong to expand its footprint and strengthen its role in the global Bitcoin market.
American Bitcoin is already producing Bitcoin through mining, but it has also begun building a Bitcoin treasury, which held 215 BTC as of June 10. At the end of June, the company announced it had raised $200 million to grow this treasury and to purchase additional Bitcoin mining equipment.
Eric Trump serves as co-founder and Chief Strategy Officer of American Bitcoin, which is preparing to go public in the United States through a reverse merger with Nasdaq-listed Gryphon Digital Mining. The company has stated its ambition to become the world’s strongest and most efficient Bitcoin accumulation platform.
Sources:
- Trump family’s Bitcoin-mining company raises $220 million
- American BTC: The New Standard in Bitcoin Mining
- Financial Times: Crypto group backed by Trump sons hunts for bitcoin companies in Asia