The "Bloomberg" Agency reported that American Bitcoin, backed by the sons of U.S. President Junior and Eric Trump, is seeking to acquire companies in Asia to bolster its Bitcoin reserves.

The agency added that the company has begun reaching out to investors regarding potential acquisition deals, including plans to purchase a company listed in Japan and another in Hong Kong.

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American Bitcoin aims to acquire companies that operate under a business model very similar to that of American MicroStrategy, which sells shares or bonds to invest the proceeds in purchasing cryptocurrencies like Bitcoin.

However, unlike MicroStrategy, which relies on direct purchases, American Bitcoin operates in the cryptocurrency mining sector and is set to be listed on the U.S. stock exchange in September through a reverse merger with Gryphon Digital Mining, which is listed on the Nasdaq.