The Trump family took another big step into the world of digital currency on Wednesday as American Bitcoin — a mining and treasury firm founded by Eric Trump and Donald Trump Jr. — began trading on the Nasdaq under the ticker ABTC.
The bitcoin mining company went public after merging with Gryphon Digital Mining, raising $220 million in private funding along the way. Thanks to another deal with industry heavyweight Hut 8, American Bitcoin now reportedly controls a huge fleet of special crypto mining machines — in exchange for stock ownership in the company.
Eric Trump, who serves as Chief Strategy Officer for the firm, called the launch a turning point for the world’s cryptocurrency industry, according to a recent press release.
“Today, American Bitcoin becomes a premier public vehicle for investors seeking scalable, singular exposure to the defining asset class of our time,” he said. “Our Nasdaq debut marks a historic milestone in bringing Bitcoin into the core of U.S. capital markets and advancing our mission to make America the undisputed leader of the global Bitcoin economy.”
American Bitcoin says it plans to set itself apart with a mix of self-mining and “opportunistic” Bitcoin purchases. With the cryptocurrency trading near record highs in 2025, the strategy could potentially pay off quickly.
The Trump sons’ company, announcing that it is now publicly trading on Nasdaq, adds to a fast-growing Trump family-linked crypto empire.
Just this week, another family-backed project, World Liberty Financial, rolled out its token on crypto exchanges, enriching the Trump family by about $5 billion on paper, per Fortune.
From Bitcoin reserves to meme coins and upcoming lending platforms, the Trumps have become deeply invested in crypto’s future.
In January, the president made a bold move in the cryptocurrency market with the launch of his $TRUMP meme coin, which surged to a market cap of $11.5 billion in its first two days. The meme coin was trading as high as $57 per coin before settling much lower, as previously reported by The Dallas Express.
Announced on Truth Social and Elon Musk’s X, the coin debuted with 200 million tokens and plans to release 800 million more over the next three years, while First Lady Melania Trump even launched her own $MELANIA token.
Despite the volatility typically associated with “meme coins,” or the general digital currency industry for that matter, early investors in the Trump family’s crypto momentum seem confident. And now it seems that the president is staying true to push his vision of making America the “crypto capital of the world.”