Cryptocurrency mining company American Bitcoin is showing signs of acquiring listed companies in the Asian region. The company, established by Donald Trump Jr. and Eric Trump, is currently reviewing the acquisition of companies in Japan and Hong Kong as part of its strategy to expand BTC assets.
According to a recent report by the Financial Times (FT), American Bitcoin is modeling its strategy after Strategy, the global top BTC holding company. Strategy currently holds 628,946 BTC, which amounts to approximately $7.38 billion (about 102.68 trillion won). American Bitcoin told FT, "Our goal is to build the world's most powerful and efficient Bitcoin accumulation platform," and added, "We have not yet signed a binding contract."
In May this year, American Bitcoin went public through a merger with Nasdaq-listed Gryphon Digital Mining. Since then, it has been driving an aggressive BTC accumulation strategy and currently holds 215 BTC as of last month. Additionally, it announced that it raised $200 million (about 278 billion won) at the end of June to acquire additional Bitcoin mining equipment and assets.
As Bitcoin approaches its all-time high, various companies, including American Bitcoin, are actively purchasing BTC. Strategy expanded its assets by acquiring an additional 155 BTC (about 25 billion won) earlier this week, and Japanese listed company Metaplanet purchased 518 BTC (about 83.6 billion won), increasing its holdings to 18,133 BTC (about 2.52 trillion won).
According to Bitcoin analysis site BitcoinTreasuries.NET, listed companies currently hold a total of 976,132 BTC, approximately $11.46 billion (about 159.29 trillion won), while unlisted companies hold 294,101 BTC, about $34.5 billion (about 47.91 trillion won).
As Bitcoin purchases by companies worldwide intensify, American Bitcoin is also aiming to leap forward as a BTC-based asset management platform through new market strategies and expanded investment approaches.
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