One in Japan, One in Hong Kong? Trump's Sons Plan to Acquire Asian Companies for Crypto Accumulation

Deep News
Aug 15

Major push into cryptocurrency sector! A US cryptocurrency company backed by Trump's two sons is seeking acquisitions in Asia to massively accumulate cryptocurrencies.

On August 15, according to media reports, American Bitcoin, a US crypto mining company supported by Trump's sons Eric Trump and Donald Trump Jr, is searching for acquisition targets in Asia, planning to use these companies to substantially stockpile cryptocurrencies.

According to three sources familiar with the matter, American Bitcoin plans to acquire a Japanese listed company and potentially a Hong Kong company simultaneously. This acquisition strategy aims to emulate Michael Saylor's MicroStrategy model, expanding cryptocurrency accumulation through Asian platforms.

Eric Trump, the company's co-founder and chief strategy officer, stated that the company's ambition is to "build the world's most powerful and efficient bitcoin accumulation platform."

This move could unlock new demand pools for Asian cryptocurrency markets, particularly given Asia's long-standing active retail trader community interested in cryptocurrencies.

Emulating MicroStrategy Model to Enter Asia

American Bitcoin has begun building "strategic" bitcoin reserves and is exploring expansion of its cryptocurrency accumulation through Asian company acquisitions.

This strategy mirrors MicroStrategy's approach, which pioneered bitcoin accumulation through public companies. MicroStrategy's market capitalization has soared to nearly $110 billion, with the company holding approximately 629,000 bitcoins valued at $76 billion.

This model allows investors to indirectly bet on cryptocurrency prices through stock markets, offering greater convenience compared to direct token ownership for many traders.

Notably, benefiting from relaxed regulatory environments and bitcoin's continued price surge, there has been explosive growth in so-called "crypto treasury companies." These firms raise funds through stock or bond issuances to purchase tokens, providing investors with channels to indirectly invest in cryptocurrencies through stock markets.

American Bitcoin stated in its announcement that the company is "selectively exploring value-added opportunities in other markets, believing that America's leadership position in bitcoin can drive strong local demand." However, the company emphasized that while evaluating possibilities in certain regions, no binding commitments have been made.

Trump Family's Cryptocurrency Empire

American Bitcoin represents one of many cryptocurrency investment projects within the Trump family portfolio. Originally named American Data Centers (ADC), the company is a wholly-owned subsidiary of Dominari Holdings, a securities and fintech group headquartered in New York's Trump Tower, which rebranded after forming a joint venture with another crypto mining company, Hut 8, in late March.

As part of the transaction, Hut 8 agreed to surrender all mining equipment in exchange for majority ownership in ADC. Eric Trump and Donald Trump Jr were early investors in ADC. In February this year, Dominari Holdings added Donald Trump Jr and Eric Trump to its board advisory team.

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

Trump himself is deeply involved in cryptocurrency ventures. In June, he reported $57 million in income from cryptocurrency group World Liberty Financial. This week, the group announced a partnership with Las Vegas blockchain company ALT5 Sigma Corporation to purchase $1.5 billion worth of proprietary tokens.

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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