Eric Trump touts crypto as America's financial future with American Bitcoin listing

Eric Trump has framed cryptocurrency as a central branch of America’s financial future, as his family’s company, American Bitcoin, expands after completing a Nasdaq listing earlier this month. The project, led by Eric Trump and his brother Donald Trump Jr., merged with Gryphon Digital Mining and rebranded to American Bitcoin (ABTC). In interviews and public remarks, Eric Trump argued that ABTC represents a new, domestically rooted model for Bitcoin that relies on American energy and policy advantages to scale production. “We’ve created one of the great Bitcoin companies anywhere in the world,” he said, adding that the operation is done on American soil using American energy.

ABTC aims to give investors exposure to both Bitcoin itself and the mining process, a structure it describes as combining the best features of a digital asset treasury with a traditional mining business. The arrangement includes a long-term partnership with Hut 8, one of North America’s largest Bitcoin miners, which handles much of the logistical side of mining in a way that seeks to reduce costs and increase efficiency. Hut 8’s CEO, Asher Genoot, described the logistical setup as allowing ABTC to “focus on driving Bitcoin production without all the cost of running a vertically integrated operation.” He noted the company’s scale, including “over a gigawatt of power plants we own, we have some hundred megawatts of data center capacity, and we have some data centers connected to the grid, other ones that are actually connected to power generators.” This infrastructure is designed to enable ABTC to mine Bitcoin at roughly a 50% discount, a cost advantage that the company says supports more aggressive bitcoin accumulation and share growth over time.

Since the deal’s announcement, ABTC’s stock moved sharply, climbing from under $1 per share to around $7 per share at one point, before retreating from an all-time post-listing high above $9. The price action has fed scrutiny from some observers who question whether the Trump family’s involvement in a cryptocurrency company could create conflicts of interest with policy decisions. Eric Trump has repeatedly stressed that his father, former President Donald Trump, has no involvement in the business and that he has no advance insight into future policy changes. He has also argued that the crypto industry’s deregulation by the current administration has played a role in ABTC’s strategy, while acknowledging there is ongoing debate about regulation and market structure.

Eric Trump’s foray into cryptocurrency marks a notable shift from his long career in real estate and tangible assets. He described crypto as a system that can undercut traditional financial intermediaries, arguing that “people are sick and tired of traditional finance because it’s never served them well … crypto solves all of these problems.” He said the industry is “growing faster than the internet grew and we’re on the one-yard line,” and he framed ABTC as an ecosystem that could eventually broaden access to investment through tokenization. “If you think about American Bitcoin, it’s not just a mining company, it’s not just a Treasury… It’s the best of all those worlds,” he said, emphasizing a vision in which digital tokens could enable broad financing for large projects.

In interviews conducted as part of NYNext—the outlet’s insider series focused on New York’s power players—Eric Trump discussed how tokenization could democratize access to major real estate financings. He suggested a future where large projects—such as a half‑billion-dollar financing for a landmark building—could be funded by millions of investors worldwide issuing digital tokens. “In a tokenized world, you’re giving people the ability to choose the asset that they want to invest into, save a ton of fees and get that exposure directed,” he said. Whether such a vision comes to fruition remains to be seen, but he remains convinced that crypto “is here to stay” and that it represents a new way to finance the nation.

The ABTC model blends mining activity with elements of a digital asset treasury strategy and positions the company as a hybrid in a field that already includes publicly traded miners and large-scale crypto treasuries. “It’s the best of all those worlds,” Eric Trump reiterated, framing ABTC as a national infrastructure project aimed at expanding Bitcoin production within the United States while leveraging energy efficiencies and a scalable capital structure. As he continues to travel and meet with investors across Asia and beyond, he has signaled that the family’s broader crypto ambitions will persist alongside his other business and publishing initiatives.

The broader implications of ABTC’s approach are still taking shape, but the company’s leadership has framed the venture as a blueprint for domestic crypto infrastructure—one that could reshape how Bitcoin is produced, financed and owned in the United States. Eric Trump emphasized that while policy debates will continue, the underlying technology and market dynamics suggest a durable path forward for a crypto-enabled financial ecosystem rooted in American energy and capital markets. Whether ABTC can sustain growth post‑listing will depend on regulatory developments, commodity and energy prices, and investor appetite for a blended model that treats Bitcoin as both a commodity and a corporate asset on the balance sheet of a publicly traded company.