At the high-profile Bitcoin Asia 2025 conference in Hong Kong, Eric Trump, son of U.S. President Donald Trump, provided a major update on his new cryptocurrency venture, American Bitcoin, as the Trump family continues their strategic push into the crypto space.
A Family’s Crypto Mission Takes Shape
Founded by Eric Trump in collaboration with his brother Donald Trump Jr., American Bitcoin represents the family’s ambitious entry into large-scale bitcoin mining. Speaking at the conference, Eric expressed affection for the crypto community, stating that the Trump family “loves” it, and boldly predicting that Bitcoin could soar to $1 million in value in the coming years.
This announcement comes amid a broader roll-out of crypto-related initiatives by the Trump family — including World Liberty Financial, a DeFi project, and stablecoin ventures tied to U.S. Treasuries.
Strategic Partnerships and Market Debut
American Bitcoin is set to go public: it’s striking a merger with Gryphon Digital Mining rather than pursuing a conventional IPO — poised to begin trading on the Nasdaq under the ticker “ABTC” in early September 2025.
The venture is backed by crypto-infrastructure firm Hut 8, which will hold an 80% stake post-merger, while the Trump brothers and Hut 8 will together control 98% of the new public entity.
Crypto as a Strategic Hedge
Publicly, Eric Trump downplayed concerns of conflict of interest between his family’s business dealings and presidential politics, aiming to draw a clear separation between American Bitcoin and the Trump Organization.
The family’s pivot toward crypto was also motivated by being “debanked” — a perceived financial sidelining by traditional institutions — which spurred their interest in alternative financial systems.
Global Expansion Plans
Beyond listing in the U.S., the company is exploring international prospects. Eric Trump is currently touring Asia, including stops in Hong Kong and Japan, to seek crypto asset investments and potentially tap into markets where U.S. Nasdaq stocks are harder to access.
Final Thoughts
Combining family brand power, strategic finance, and crypto infrastructure, the Trump-led American Bitcoin aims to carve out a prominent position in the global digital-asset space. As it readies its Nasdaq debut and expands its footprint in Asia, the venture embodies the Trump family’s broader embrace of cryptocurrency as a modern asset class — and a hedge against traditional financial systems.
