Trump Sons-Backed American Bitcoin Targets Japan Deal to Build Crypto Reserve

American Bitcoin, a U.S. cryptocurrency-mining company backed by Donald Trump Jr. and Eric Trump, is seeking to buy a listed company in Japan and is also evaluating opportunities in Hong Kong, the Financial Times reported. The prospective deals are intended to give the miner a foothold in Asia’s active digital-asset markets and provide a corporate vehicle for holding large amounts of Bitcoin. Management aims to emulate Michael Saylor’s MicroStrategy model by using the acquired firms’ treasuries to accumulate tokens. American Bitcoin already produces new coins through mining and has begun building what it calls a “strategic” Bitcoin reserve. The Miami-based company was established in March through a joint venture with miner Hut 8 and completed a $220 million fund-raising round in July. It plans to go public next month via a reverse merger with Nasdaq-listed Gryphon Digital Mining, positioning itself for further capital-market access as it pursues the Asian acquisitions.