Eric Trump’s Bitcoin Venture Targets Nasdaq Listing as Trump Family Doubles Down on Crypto

Trump dynasty makes its next power play—this time on the blockchain. Eric Trump’s ’American Bitcoin’ aims for a Nasdaq listing, signaling the family’s aggressive pivot into digital assets. Because what’s more American than mixing politics, speculation, and a dash of regulatory irony?

The move would mark the first Trump-linked crypto entity to go public—just as the SEC quietly sighs and reaches for its rulebook. Will Wall Street bite, or is this another case of ’buy the rumor, sell the news’? Either way, the Trump brand just minted its own volatility index.

American Bitcoin Backs U.S. Dominance in Crypto Mining

Eric Trump has made his message clear: the U.S. must lead in crypto. “We won the space race. We better win the crypto race,” he told CNBC. As chief strategy officer of American Bitcoin, Eric wants to make sure the U.S. doesn’t fall behind as other countries ramp up mining using excess energy.

His father, Donald Trump, has echoed that view on the campaign trail. At a private event in Mar-a-Lago, the former president told mining executives he wants all bitcoin mining to stay on U.S. soil. He’s even pushed new executive orders to loosen environmental rules and boost fossil fuel production—moves that help power bitcoin rigs.

While critics warn of the climate cost, miners are celebrating. Oilfield operations can now use Flare gas more freely. That’s a big plus for outfits like American Bitcoin.

Hut 8’s Role in the Plan

The company isn’t starting from scratch. American Bitcoin is being carved out of Hut 8, a major energy and AI infrastructure player. Hut 8 will retain an 80% stake in American Bitcoin, with the rest held by the TRUMP brothers.

Taking the firm public through Gryphon helps unlock new capital without weighing down Hut 8’s balance sheet. Gryphon’s stock soared more than 300% on the news, while Hut 8 gained 10%. Those numbers show just how much HYPE is building around this high-profile crypto play.

American Bitcoin Aims to Be More Than Hype

This isn’t just a headline grab. Unlike the Trump-backed $TRUMP meme coin, which offered private dinners with the president to top holders, American Bitcoin is focused on real infrastructure. It’s about rigs, energy, and mining—less flash, more substance.

Still, the Trump family’s crypto ambitions go well beyond mining. They’ve also been involved in controversial stablecoin projects like World Liberty Financial, and political fallout has followed. The failed Genius Act, which would’ve regulated stablecoins, was derailed partly over concerns tied to the Trump family’s financial dealings.

American Bitcoin Signals a Shift in Strategy

For Eric Trump, this merger isn’t just business—it’s strategic. As other nations race to dominate crypto mining, he believes the U.S. needs to secure its lead now. By merging with Gryphon and tapping Nasdaq’s capital markets, American Bitcoin gains new firepower.

In short, this is no side hustle. It’s a calculated push by the Trump family to turn American Bitcoin into a serious player in the crypto mining world.