(From left) Eric Trump and Donald Trump Jr. attend the Bitcoin 2025 Conference in Las Vegas, Nevada, May 2025. Photo: Ronda Churchill/Bloomberg
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According to sources, a US-based digital currency mining venture backed by the Trump brothers is seeking partners in Asia to accumulate Bitcoin.
American Bitcoin, which is building its own strategic reserve, has started sounding out investors about potential acquisitions.
Three people familiar with the matter revealed that American Bitcoin is eyeing the acquisition of a listed company in Japan and possibly Hong Kong, aiming to use these entities to stockpile cryptocurrencies, following the model set by Michael Saylor’s MicroStrategy.
The Trump family has been heavily investing in cryptocurrencies in recent months, riding the wave of Bitcoin’s price surge and the rise of “crypto treasury” companies. These entities often issue shares or debt to raise capital, then use the proceeds to buy tokens, benefiting from the more permissive legal environment in the US.
This model allows investors to indirectly bet on price movements through securities, a more accessible approach than direct ownership.
MicroStrategy, the pioneer of this strategy, now has a market capitalization of nearly $110 billion, despite holding only about 629,000 Bitcoins worth $76 billion.
American Bitcoin stated, “Our goal is to build the most efficient Bitcoin accumulation platform globally, focusing on operational excellence, proactive treasury management, and long-term value creation for shareholders. From this solid foundation, we selectively pursue expansion into other markets where American leadership can drive significant demand. However, there are no binding commitments at this time.”
Eric and Donald Trump Jr. did not respond to requests for comment.
Asia has long been a region with a large number of amateur traders interested in cryptocurrencies, while Hong Kong is striving to establish itself as a digital asset hub. New crypto treasuries here could open up additional demand.
Unlike MicroStrategy, American Bitcoin also directly creates Bitcoin through mining operations. The company, co-founded by Eric Trump, who serves as its strategic director, is expected to go public in the US in September by merging with Gryphon Digital Mining, a listed mining company on the Nasdaq.
American Bitcoin was initially called American Data Centers (ADC), a wholly-owned subsidiary of Dominari Holdings, a financial technology and securities group headquartered in Trump Tower, New York. In March, ADC changed its name to American Bitcoin in a joint venture with Hut 8, another mining company.
As per the agreement, Hut 8 transferred all its mining equipment in exchange for majority control of ADC, where Eric and Donald Trump Jr. are early investors.
On August 12, Dominari Holdings, which brought the Trump brothers onto its advisory board in February, announced a 520% year-over-year increase in unaudited revenue.
American Bitcoin is just one of the Trump family’s many ventures into the digital asset space.
In June, former President Donald Trump reported earning $57 million from his collaboration with World Liberty Financial, a cryptocurrency company. This week, the firm announced it would buy back $1.5 billion worth of its own tokens in partnership with Las Vegas-based blockchain company ALT5 Sigma Corporation.
Trump Media & Technology Group (TMTG), which operates the Trump-controlled Truth Social app, has announced plans to raise $1.5 billion in new capital and an additional $1 billion in convertible debt to establish a “Bitcoin treasury.”
– 19:20 17/08/2025
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