• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
American Bitcoin

Eric Trump Details American Bitcoin Plans, New Mining Venture, And Nasdaq Ticker Prospects

Ronaldo Marquez
by Ronaldo Marquez
6 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a new move by the presidential family to further expand their footprint in the digital asset industry, Eric Trump, the son of President Donald Trump, announced the launch of American Bitcoin, a new Bitcoin (BTC) mining company that aims to go public.

American Bitcoin To Go Public With Ticker Symbol ABTC

According to a Fortune report, American Bitcoin has already reserved the ticker symbol “ABTC” with Nasdaq, a step that indicates the company’s intent to enter the public market. Eric Trump, alongside Asher Genoot, CEO of Hut 8, a publicly traded Bitcoin mining company, expressed confidence in the enterprise’s future. 

“We can confirm that we have reserved the ticker with a US stock exchange,” a spokesperson for American Bitcoin stated to Fortune. The ticker registration is a crucial step, as companies must “reasonably expect” to use it within two years.

Related Reading: Dogecoin 4-Hour Heikin Ashi Chart Shows Oversold Levels, A Bounce On The Horizon

The collaboration between Eric Trump and Genoot emerged from their shared network, described by Eric as comprising “about 100 of the same friends.” 

The partnership reportedly blossomed earlier this year after the Trump brothers, Eric and Donald Trump Jr., announced plans to launch a data center company, which has since been rebranded as American Bitcoin. 

Following a series of discussions, including casual dinners at the Trump family’s golf club in Jupiter, Florida, the duo decided to pivot towards a Bitcoin-focused venture.

“I think ultimately it will become a Bitcoin proxy,” Eric Trump remarked, drawing parallels to the corporate strategy employed by Michael Saylor, whose firm has successfully integrated Bitcoin into its financial structure. 

As of now, Hut 8 holds an 80% stake in American Bitcoin, while the remaining 20% is owned by Eric Trump, Donald Trump Jr., and early investors from the original data center initiative.

Eric Trump Defends Family’s Crypto Activities

This venture is the latest in a series of crypto-related activities from the Trump family. In December 2022, Donald Trump entered the blockchain arena by launching his own non-fungible token (NFT) collection. 

Since then, the family has expanded its crypto footprint with the launch of the World Liberty Financial app, an endorsement of a memecoin named TRUMP, and plans to issue a stablecoin pegged to fiat currencies.

Related Reading: Machine Learning Algorithm Predicts 229.55% Dogecoin Price Surge To $0.57, Here’s When

The Trump administration’s approach to cryptocurrency has been notably more favorable compared to that of former President Joe Biden. 

During his tenure, President Trump has appointed an AI and crypto czar, pardoned individuals convicted of crypto-related offenses, and authorized the establishment of a strategic reserve for Bitcoin and digital assets.

However, this close alignment between the Trump family’s crypto endeavors and the administration’s pro-crypto policies has raised concerns regarding potential conflicts of interest. 

Eric Trump has refuted these claims, emphasizing that the Trump Organization initiated World Liberty Financial a year prior to his father’s election. “This is something that our family believes in,” Eric stated. “It’s something our family speaks about with our heart and soul.” 

Bitcoin
The daily chart shows BTC’s price consolidation above $80,000. Source: BTCUSDT on TradingView.com

At the time of writing, the market’s leading cryptocurrency trades at $83,660, recording a 2.5% drop on the monthly time frame. 

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ronaldo Marquez

Ronaldo Marquez

Follow

Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

Full Profile

Related Posts

Crypto whales kopen 45.000 Bitcoins - $200k BTC koers mogelijk in Q4 2025

Crypto whales kopen 45.000 Bitcoins – $200k BTC koers mogelijk in Q4 2025

9 hours ago
crypto

Trump Says Crypto Could Pay $38 Trillion US Debt – How High Must Bitcoin Go?

13 hours ago
bitcoin price btc btcusd

Bitcoin Reclaims $110K Amid Institutional Support, But Tom Lee Warns of a Potential BTC 50% Drop

14 hours ago
Bitcoin Volatility Starts To Cool: Market Prepares For Potential Short Squeeze Rally

Bitcoin Volatility Starts To Cool: Market Prepares For Potential Short Squeeze Rally

18 hours ago
Bitcoin

Analyst Says Understanding This Bitcoin Structure Is Like Having A Superpower

19 hours ago
Bitcoin

From $67,700 to $442 Million: Ancient Bitcoin Whale Rouses After 14.3 Years

20 hours ago

Premium Sponsors

Press Releases

  • Snorter Bot...

    2 days ago
  • ORIGIN Protocol's LGNS Achieves Historic Milestone: Liquidity Tops $194 Million, Reclaiming Title as Global Leader in DeFi

    ORIGIN Protocol’s LGNS Achieves Major Milestone...

    3 days ago
  • bonus kcex

    Bonus KCEX: promozione da $21.000 con un bonus deposito del...

    3 days ago
  • Maxi Doge

    Защо Maxi Doge може да се окаже...

    3 days ago
  • 挖 1 枚比特幣耗電可供 61...

    3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.