Oh joy, the Trump family has finally decided to join the st century with their new Bitcoin venture, American Bitcoin, trading on the Nasdaq under the ticker symbol ‘ABTC’ 📈. After completing a stock merger with Gryphon Digital Mining, Eric Trump, the President’s son, proclaimed that he hopes to create “the greatest Bitcoin company on Earth” 🌎.
It’s great to be back! @AmericanBTC @worldlibertyfi 😎
– Eric Trump (@EricTrump) September ,
In an interview with Bloomberg, Eric Trump boasted that American Bitcoin has a “great mining business” and an “unbelievable advantage” 💪. Apparently, they’re mining Bitcoin at roughly cents on the dollar, which is a steal, if you ask me 🤣.
“We’re mining Bitcoin at roughly cents on the dollar to the actual price of Bitcoin. We’re mining a lot of it and using the Hut infrastructure in order to do so.” 🤔
Eric Trump, co-founder and chief strategy officer of American Bitcoin, seems to be taking a page from his father’s playbook, promising to “win the race” and become the “absolute best crypto company anywhere on Earth” 🏆.
“Everybody all around the world wants the asset, from the largest Fortune companies to the biggest sovereign wealth funds to nation states to US states, [such as] Texas.” 🤠
When asked about his personal wealth, estimated to be around $ million, Eric Trump gushed about the financial revolution and being debanked while his father was running for president 🤑.
“I believe in Bitcoin, I’ve been a long-term owner of Bitcoin … and I see its adoption all over the world and how much it is being embraced globally, and the floodgates are just starting to open.” 🌊
American Bitcoin held , BTC as of the end of May, but that number is likely to be higher now 📊. Meanwhile, Hut , the mining firm and AMBC partner, is the twelfth-largest corporate Bitcoin holder with , BTC worth around $. billion 💸.
American Bitcoin also announced a $. billion stock offering with investment banks, because who doesn’t love a good cash grab? 💸 The proceeds will be used for BTC purchases and mining technology, because that’s exactly what the world needs – more Bitcoin 🤣.
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2025-09-04 08:15