Eric Trump, the second son of U.S. President Donald Trump and chief strategy officer of American Bitcoin, has made sweeping remarks about Bitcoin’s role in global finance.
During an appearance on CNBC’s Squawk Box, he described the crypto as “a modern-day gold,” emphasizing its importance as both an investment vehicle and a store of value.
According to Eric, Bitcoin is no longer a niche investment. Instead, it has become a serious store of value for institutions, sovereign wealth funds, and ultra-wealthy families.
“It’s liquid, it’s powerful, and it’s a hedge against real estate,” Eric said. “That’s why companies across the Fortune 500 are pouring in.”
Nasdaq Debut Marks Milestone Moment
The bold remarks followed American Bitcoin’s much-anticipated debut on Nasdaq earlier this month, which generated strong market attention.
On its first day of trading, ABTC shares surged almost 85%, briefly touching $14 before settling lower. That early spike valued the company at around $5 billion, ranking it among the most eye-catching listings of 2025.
As of the latest trading session, American Bitcoin (ABTC) sits at $7.28, reflecting a modest 2.97% daily gain. While the stock price is down from its debut peak, analysts say the firm’s visibility and early momentum remain significant for a newly launched crypto venture.
Company Background and Growth Plans
American Bitcoin officially launched in March with a dual focus on mining and asset accumulation. The company, co-founded by Eric Trump and backed by Donald Trump Jr., has quickly positioned itself as a heavyweight in the sector.
Last month, Gryphon Digital Mining shareholders approved a merger with American Bitcoin, combining resources and technology to strengthen the new entity’s global mining capabilities. Industry experts say the merger provides the company with a stronger foundation to scale operations and compete with established players.
In June, American Bitcoin raised $220 million through a private placement, issuing 11 million new shares. The funds are earmarked for expanding its mining fleet and reinforcing its Bitcoin reserves, signaling aggressive growth ambitions.
Ownership and Management Structure
The company’s structure reflects both institutional and family involvement. Hut 8 Mining, one of North America’s largest crypto mining firms, holds an 80% controlling stake. The remaining 20% is managed by American Data Centers, an entity backed by the Trump brothers.
As Chief Strategy Officer, Eric Trump has taken charge of charting the company’s long-term path. He has emphasized that American Bitcoin is not just another mining firm but a hybrid, dedicated to securing Bitcoin while actively holding it as a treasury asset.
Strengthening Bitcoin Reserves
Data from BitcoinTreasuries.net shows American Bitcoin already ranks among the world’s largest corporate holders of Bitcoin. The company currently owns 2,443 BTC, worth approximately $281.53 million at today’s prices.
By combining mining operations with significant Bitcoin holdings, American Bitcoin seeks to position itself as both a producer and long-term custodian of digital wealth. This strategy mirrors the playbook of other major corporate players who see value in accumulating reserves during market volatility.
Bold Prediction for Bitcoin’s Future
Alongside building the company, Eric Trump has been vocal about his personal outlook on the world’s largest cryptocurrency.
At the Bitcoin Asia Conference in Hong Kong last month, he predicted Bitcoin could reach $1 million per coin in the coming years.
“There’s no question Bitcoin hits $1 million,” he said during a panel discussion. He pointed to surging institutional demand, limited supply, and growing global adoption as the main reasons for his bullish forecast.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
