Archive · 17 Sep 2025
Trump-Backed American Bitcoin Enters Crowded Crypto Market
Imagine a new company called American Bitcoin, started by Eric and Donald Trump Jr. It's a company that mines Bitcoin, which is like digital gold.
They want to make it easy for anyone to invest in Bitcoin.
The company is already worth a lot, but they need more Bitcoin to match their value.
They hope to generate Bitcoin at a discount and buy more.
Many established companies are now getting into Bitcoin and blockchain, so being pro-crypto is becoming less of a political issue.
They are hoping to bring a more "modern common sense voice to crypto" and make it more accessible to average investors.
American Bitcoin was co-founded by Eric and Donald Trump Jr.
The company went public after merging with Gryphon Digital Mining.
Shares of American Bitcoin are up about 12% since the merger.
American Bitcoin's goal is to generate Bitcoin at a discount and buy more.
The company is majority-owned by another Bitcoin miner, Hut 8.
- Who
- American Bitcoin, co-founded by Eric and Donald Trump Jr.
- What
- A new Bitcoin-focused company.
- When
- Went public earlier in September
- Where
- Based and mining in America, launched in Midtown Manhattan.
- Why
- To generate Bitcoin, make crypto more accessible to investors.
- Company Name
- American Bitcoin
- Founders
- Eric and Donald Trump Jr.
- Chief Strategy Officer
- Eric Trump
- Majority Owner
- Hut 8
- Bitcoin Holdings (early Sept)
- 2,443
- Market Valuation
- $7 billion+