American Bitcoin, backed by the Trump family, plans to enter the Asian market with a strong focus on Bitcoin financial strategies.

According to reports from the Financial Times citing informed sources, American Bitcoin, a bitcoin mining company supported by U.S. President Donald Trump’s two sons, Donald Trump Jr. and Eric Trump, is seeking to acquire companies located in Asia to amass a large quantity of bitcoin (BTC), emulating the model of Strategy.

American Bitcoin, which is in the process of establishing its own “strategic” bitcoin reserves, is engaging with investors to gauge potential acquisition interests. According to three informed sources, the company plans to acquire a publicly listed company in Japan, with possible targets extending to Hong Kong.

American Bitcoin aims to create the world’s most powerful and efficient bitcoin accumulation platform, focusing on high operational efficiency, proactive financial management, and long-term value creation for shareholders. The company stated in a press release:

In recent months, the Trump family has actively ventured into the cryptocurrency market, while the surge in bitcoin prices has also spurred a wave of “cryptocurrency financial companies.” These companies raise funds through issuing stocks or bonds, using the proceeds to purchase cryptocurrencies, allowing investors to indirectly bet on cryptocurrency price movements through the stock market. For many traders, this is far simpler than directly holding cryptocurrencies.

The Strategy, which pioneered this approach, has seen its market capitalization soar to nearly $110 billion, with a total holding of 628,946 bitcoins, valued at approximately $74.9 billion. Unlike Strategy, American Bitcoin is establishing its bitcoin strategic reserves through mining activities.

Asia has long been home to a group of enthusiastic amateur cryptocurrency traders, while Hong Kong is striving to position itself as a digital asset hub. The introduction of new cryptocurrency financial companies in the local market may bring new sources of demand.

American Bitcoin was founded in collaboration with the publicly traded mining company Hut 8 and the Trump family, with Eric Trump serving as the company’s co-founder and Chief Strategy Officer. The company is expected to go public in the U.S. in September through a reverse merger with mining company Gryphon Digital Mining (stock code: GRYP).