Trump-Backed American Bitcoin Eyes Companies in Japan and Hong Kong for Expansion

Highlights:

• American Bitcoin plans acquisitions in Japan and Hong Kong to grow its Bitcoin reserves.
• The company follows Michael Saylor’s strategy, building a treasury and raising $200 million in funding.
• The Trump family is expanding its presence in the crypto industry through multiple ventures.

Backed by Eric Trump and Donald Trump Jr., American Bitcoin is a mining firm reportedly looking to purchase a publicly traded company in Japan and potentially another in Hong Kong to increase its Bitcoin reserves, the Financial Times reported. On Friday, the company told the outlet its aim is to build the strongest and most efficient platform for Bitcoin accumulation. It added, “While we are evaluating possibilities in certain regions, we have not made any binding commitments.”

According to FT, the U.S. crypto mining company American Bitcoin, backed by Donald Trump Jr. and Eric Trump, is seeking acquisition targets in Asia. The firm is targeting a listed company in Japan and may also look at Hong Kong to emulate Michael Saylor’s Strategy by stockpiling…

— Wu Blockchain (@WuBlockchain) August 16, 2025

Bitcoin Strategy and Market Influence

American Bitcoin is following the same strategy that Michael Saylor’s Strategy used to collect 629,000 BTC and reach a $110 billion market value. Many companies have copied Strategy’s approach and are adding Bitcoin and other major cryptocurrencies to their balance sheets. Public companies hold 976,132 BTC valued at roughly $114.6 billion, according to BitcoinTreasuries.NET. Meanwhile, private companies own 294,101 BTC, worth about $34.5 billion.

In May, American Bitcoin revealed it would go public through a merger with Nasdaq-listed crypto miner Gryphon Digital Mining. Gryphon shareholders will vote on the merger on August 27. The company began building a Bitcoin treasury, holding 215 BTC by June 10. On June 30, it announced a $220 million funding round to grow its treasury and invest in additional Bitcoin mining equipment. 

According to Bloomberg, American Bitcoin, a crypto firm backed by Eric Trump, has raised $220 million to buy Bitcoin and mining equipment. About $10 million in equity was sold in Bitcoin rather than dollars. Majority-owned by Hut 8 Corp, the company plans to go public via a…

— Wu Blockchain (@WuBlockchain) July 1, 2025

The Asian market, with Hong Kong at the forefront, is actively working to establish itself as a leading hub for digital assets. Setting up treasury-focused companies in these regions could spark fresh demand for cryptocurrencies, a direction that aligns closely with American Bitcoin’s broader long-term vision. The company said it is looking at international markets where US leadership in Bitcoin might increase interest, but no final deals have been made. 

American Bitcoin’s Rebrand and Expansion Plans

American Bitcoin originally began as American Data Centers, a unit of Dominari Holdings based in Trump Tower, New York. The company changed its name in March after forming a joint venture with Hut 8, which handed over its mining equipment in return for a controlling share of the business. After the merger, American Bitcoin plans to expand its Bitcoin mining power and infrastructure across the US. Hut 8 will keep a significant ownership stake and continue as the sole operations partner.

Beyond American Bitcoin, the Trump family has continued to widen its presence in the crypto sector. Former President Donald Trump recently disclosed $57 million in earnings from his role with World Liberty Financial, a company that also unveiled plans to purchase $1.5 billion worth of its WLFI tokens. At the same time, the Trump Media & Technology Group (TMTG) is planning to secure funding to build a “Bitcoin treasury.” It shows the family’s continued dedication to the cryptocurrency sector.