American Bitcoin, a cryptocurrency mining company linked to the Trump family, has been reported looking to get at least one publicly listed in Asia to further its bitcoin (itsBtc) Purchase.
According to In the Financial Times report, American Bitcoin wants to buy a company in Japan and is another one in Hong Kong. It aims to follow the blueprint of the approach, which is up to now accumulated 628,946 BTC worth $ 73.8 billion in this writing.
The “American Bitcoin’s ambition is the development of the world’s strongest and most efficient platform in the world,” the company told the Financial Times on Friday. “As we review the possibilities in some regions, we do not make any binding promises.”
Cointelegraph contacted American Bitcoin but did not receive a response at the time of publication.
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Part of an ongoing growing family businesses of family crypto family, American Bitcoin was founded by two of the children of US president Donald Trump Donald Trump, Jr. and Eric Trump. In May, the company announced this public listing by an integration with GRYPHON digital miningA crypto mining company listed in Nasdaq.
American Bitcoin started a bitcoin treasury, along with 215 Bitcoin Until June 10. On June 30, the company announced A $ 200 million to increase To strengthen its treasury and buy more bitcoin mining equipment.
Related: American Bitcoin’s ambition is to dominate mining – Hut 8 CEO
Bitcoin treasury companies are constantly stacked in the middle of ATHS
Popularized by Michael Saylor’s approach, Bitcoin treasury companies have continued to pile in the middle of the world’s largest uprising over the world.
On Monday, approach Added 155 BTC worth $ 18 million to its balance sheet. The acquisition brought the BTC’s original BTC handling of 628,946 BTC.
On Tuesday, Japanese Bitcoin Treasury Company announced Metaplanet It bought 518 btccarrying its holdings to 18,133 coins worth $ 2.1 billion.
According to Bitcointreasuries.net, companies that have been publicly in public hold 976,132 Bitcoin worth approximately $ 114.6 billion, while private companies stand at 294,101 coins worth $ 34.5 billion in this writing.
According to experts, the limited Bitcoin supply of 21 million tokens is part of its appeal to a debate of inflationary currency and environment.
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