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Trump Family Backed Mining Company American Bitcoin Plans to Establish Bitcoin Treasury by Acquiring Company in Asia
Summary: According to sources cited by the Financial Times, an American cryptocurrency mining company supported by Donald Trump Jr. and Eric Trump is scouting acquisition targets in Asia to build a Bitcoin asset reserve. The company, named American Bitcoin, has begun contacting investors regarding potential acquisitions, currently planning to acquire a listed company in Japan and ...
According to sources cited by the Financial Times, an American cryptocurrency mining company supported by Donald Trump Jr. and Eric Trump is scouting acquisition targets in Asia to build a Bitcoin asset reserve. The company, named American Bitcoin, has begun contacting investors regarding potential acquisitions, currently planning to acquire a listed company in Japan and may simultaneously expand into the Hong Kong market. Three sources indicated that the company intends to emulate the MicroStrategy model by building a cryptocurrency reserve platform through acquiring listed companies. With the Trump family recently making significant moves into the crypto space, amidst a warming regulatory environment, they have driven up Bitcoin prices and spawned a group of 'crypto treasury companies' raising funds through issuing stocks or bonds to purchase tokens.
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Link: Trump Family Backed Mining Company American Bitcoin Plans to Establish Bitcoin Treasury by Acquiring Company in Asia [Copy]
