American Bitcoin, owned by Trump’s family, began trading on the Nasdaq on Tuesday under the ticker symbol “ABTC” after the stock merger with Griffon Digital Mining was completed.
The company, according to the announcement, is a Bitcoin accumulation platform focused on building the American Bitcoin infrastructure backbone.
Trump-backed Bitcoin Venture stocks, along with the president’s son Eric, surged 100% before retreating on the market debut, hoping to create “the best Bitcoin company on the planet.”
I’m happy to be back! @americanbtc @worldlibertyfi https://t.co/yumseua2f6
– Eric Trump (@erictrump) September 3, 2025
We’re going to win the race
In an interview with Bloomberg after the Nasdaq debut, Eric Trump said that American Bitcoin is different from other Corporate Treasury ministries, such as Michael Saylor’s strategy, as it is “we have a great mining business” and “an incredible advantage.”
“We’re mining Bitcoin at about 50 cents to the actual price of Bitcoin. We mine a lot of it and use Hut 8 infrastructure to do that.”
Eric Trump is co-founder and chief strategy officer of American Bitcoin, a majority-owned subsidiary of mining company HUT 8.
“We have a massive desire to become the absolute best crypto company anywhere on the planet,” he added that the company will implement both strategies and mining BTC and mining Bitcoin at an average of dollar costs.
“Everyone in the world wants assets (like Texas) from the largest Fortune 500 companies to the largest sovereign wealth funds, from the US nations.”
Bitcoin is an incredibly valuable store, and “We’re going to win the race,” he said.
When asked about his personal wealth, which Bloomberg estimated at $600 million from a 7.5% stake in American Bitcoin, Eric said he entered the industry due to his financial revolution and breaking out while his father was running for president.
“I believe in Bitcoin. I was a long-term owner of Bitcoin…and I see adoption all over the world and how much it is accepted worldwide.
Trump family scooping up more BTC
According to Bitcoin Trays, as of the end of May, US Bitcoin had 2,443 BTC, which could be high.
Mining Company and AMBC Partner HUT 8 are the 12th largest corporate Bitcoin holders with 10,667 BTC worth approximately $1.2 billion. Meanwhile, Trump Media and Technology Group Corp holds 15,000 BTC worth $1500 billion, according to Bitcointreasuries.
Bitcoin in the US also said on Wednesday it signed a $2.1 billion share offer with investment banks, including Cantor Fitzgerald and Mizuho Securities, using revenues used in BTC purchases and mining technology.
