“Grab your gun Eric, Michael Saylor said it was open season.”
Listen, I get that starting a Bitcoin-buying hedge fund is in right now… but this is getting out of hand… even for someone like me who could give two sh*ts about people buying crypto. I still don’t fully understand how it provides a whole lot of value to the world in most cases, but hey, whatever. If folks want to put their savings into a magic internet coin, go nuts.
That said (you’ve gotta admit) the fact that fintech bros in 2025 would rather have $10 worth of obscure altcoins than a $25 Walmart gift card is a little weird. At least the Walmart card can get you a basket of fried chicken and a jug of milk. The Trump brothers, though? They’re taking that obsession to a whole new level… and a whole new continent. Forget dabbling in Bitcoin. Eric and Don Jr. have strapped on their camo vests, slung their crypto rifles (probably sponsored by GrabAGun), and booked a one-way ticket to Asia to bag the big one.
Through their crypto company, American Bitcoin, the Trump brothers are following Michael Saylor’s Strategy playbook… buy public companies, turn them into Bitcoin storage vaults, and let local traders use the stock as a stand-in for holding the coin. First target on the list? Japan. Next up? Maybe Hong Kong.
If you’re wondering? “Why are they headed all the way to Asia when they could just hunt in the good ole US of A? The answer is actually pretty simple… retail traders there have a long history of treating crypto like a competitive sport, and Hong Kong’s been trying to brand itself as a “digital asset hub” for years. If American Bitcoin can set up shop in those markets, they get a fresh pool of investors who don’t have to mess with wallets or private keys… they just buy the stock and ride Bitcoin’s price swings.
Now, Saylor wrote the original playbook. His company, Strategy, sits on 629,000 BTC (worth about $76B) and somehow the market values it at $110B (yes, that’s cult math, but it works). The Trumps aren’t far behind. American Bitcoin started life as American Data Centers, a Trump Tower-based arm of Dominari Holdings, before rebranding in March after a deal with Canadian miner Hut 8… which literally dropped off its entire fleet of mining rigs in exchange for a majority stake.
And if you woke up wondering, “When’s Don Jr. gonna take another company public?”... your wish has been granted. Next month, American Bitcoin is hitting the Nasdaq via a reverse merger with Gryphon Digital Mining, skipping the long, boring IPO roadshow (and the awkward Cramer interviews) in favor of the corporate equivalent of a side door.
Oh, and this is just one chess piece. Trump Sr. made $57M from World Liberty Financial in June, which just announced a $1.5B token buyback. Meanwhile, Trump Media (the parent of Truth Social) is trying to raise $2.5B to build its own Bitcoin treasury.
Here’s my take… this feels like when a company has no clue how to actually create value, so they pull the “let’s buy Bitcoin and watch the stock pop” lever. GameStop couldn’t turn a profit? Meme a Michael Saylor-style BTC purchase into the business model. Same energy here. It’s opportunistic, it’s political leverage, and honestly, good for them. But can we please go back to a time when companies with shareholders actually made money by, I don’t know… selling a product or providing a service?
At the time of publishing this article, Stocks.News holds positions in Gamestop as mentioned in the article.
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