Trump's Sons Enter the Cryptocurrency Race in Asia via "American Bitcoin"

In a strategic expansion, American Bitcoin, a company backed by the sons of President Donald Trump, Donald Trump Jr. and Eric Trump, is targeting the Asian cryptocurrency market. The company aims to boost its Bitcoin reserves through a series of planned acquisitions.

Expansion Plans in Asia

According to Bloomberg, "American Bitcoin" has already begun discussions with investors regarding potential acquisition deals. The company's plans include acquiring two listed companies, one in Japan and the other in Hong Kong. This move reflects the company's ambition for global expansion and its goal of capitalizing on opportunities in Asian markets.

Business Model Similar to "MicroStrategy"

"American Bitcoin" seeks to adopt a business model similar to the U.S. company MicroStrategy. This model involves selling stocks or bonds and investing the proceeds in acquiring cryptocurrencies, primarily Bitcoin. However, there is a fundamental difference between the two companies: while "MicroStrategy" relies on direct purchases of cryptocurrencies, "American Bitcoin" focuses on the crypto mining sector.

U.S. Stock Market Listing

"American Bitcoin" is preparing for a U.S. stock market listing this September through a reverse merger with Gryphon Digital Mining, which is currently listed on the Nasdaq exchange. This listing will provide the company with the necessary capital to finance its expansion plans and planned acquisitions.