American Bitcoin Corp has begun trading on the Nasdaq under the ticker ABTC after merging with Gryphon Digital Mining, unveiling plans to raise as much as $2.1 billion through a public stock offering.
The company currently holds 2,443 Bitcoins and aims to give traditional investors a regulated path to Bitcoin exposure through a hybrid model of mining and asset accumulation.
Positioning itself as both a large-scale miner and a long-term Bitcoin holder, American Bitcoin operates as an “accumulation and infrastructure platform.”
The firm mines Bitcoin while retaining a significant portion of the coins on its balance sheet, providing public-equity investors with a direct and regulated way to gain exposure to the cryptocurrency without purchasing it outright.
Speaking on CNBC, Eric Trump, co-founder and chief strategy officer of American Bitcoin, called Bitcoin “modern-day gold,” pointing to its liquidity, security and its role as a global hedge.
He highlighted increasing institutional adoption by Fortune 500 firms and sovereign wealth funds, saying blockchain technology will force traditional finance to evolve.
He warned,
“Institutions that are slow to adapt will face a slow and painful death.”
Since Donald Trump returned to the White House, the Trump family’s crypto-related holdings have soared to an estimated paper value above $5 billion.
Reuters reports that the president’s business entity controls 60 percent of World Liberty Financial (WLF) and is entitled to 75 percent of its revenue from $WLFI token sales.
ABTC shares surged 110 percent on their first day before settling 16.5 percent higher than the opening price of $6.90, adding to the family’s fast-rising digital fortune.
Trump’s administration has moved swiftly to loosen previous regulatory restraints.
A January executive order dismantled several Biden-era safeguards and prohibited the creation of a US central bank digital currency.
In March, he established a Strategic Bitcoin Reserve using cryptocurrencies seized by US authorities, alongside a Digital Asset Stockpile.
He also signed the Genius Act this summer, the first federal framework for stablecoins.
Under SEC chairman Paul Atkins, a longtime crypto advocate nominated by Trump, federal oversight has eased and many enforcement actions have slowed.
Critics question whether a sitting president profiting from crypto while shaping its regulation creates conflicts of interest.
Ross Delston, an independent American attorney and expert witness, said,
“This is a new avenue to allow the President to get money from anyone, including foreign individuals and states that would be prohibited by US campaign laws.”
The White House maintains there are no conflicts, and Trump’s sons are barred from selling their WLF tokens for now.
Coinlive observes that Donald Trump’s dual role as policymaker and beneficiary of a booming crypto empire raises profound questions about market integrity and democratic accountability.
With billions in family-held digital assets, a friendly regulatory environment and policies that encourage aggressive adoption, the president’s influence stretches well beyond politics.
This trend is accelerating innovation while simultaneously concentrating power in ways that challenge public trust, highlighting a critical intersection of money and governance.
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