American Bitcoin is reportedly exploring acquisitions in Japan and Hong Kong to expand its Bitcoin stockpile.
American Bitcoin, a cryptocurrency mining company linked to the Trump family, is reportedly looking to acquire at least one publicly listed company in Asia to further its Bitcoin (BTC) purchases.
According to a Financial Times report, American Bitcoin wants to buy a company in Japan and potentially another in Hong Kong. It aims to follow the blueprint of Strategy, which to date has accumulated 628,946 BTC worth $73.8 billion at this writing.
American Bitcoin’s “ambition is to build the strongest and most efficient Bitcoin accumulation platform in the world,” the company told the Financial Times on Friday. “While we are evaluating possibilities in certain regions, we have not made any binding commitments.”
Cointelegraph contacted American Bitcoin but had not received a response at time of publication.
