What is American Bitcoin, the latest addition to Trump expands the CRIPTO empire?

American President Donald Trump And his siege of his family cryptocurrency is well known. Now there is further evolution in this story as new Bitcoin The mining endeavor was published 12. May who has a close relationship with Trump family.

American Bitcoin Details

American Bitcoin was supported by President Donald Trump’s sons Eric Adut and Donald Trump Jr. He is now sliced ​​to become a public trading company and will be listed on Native, and beyond 2025. years, according to the presentation of investors.

Also read | Microsoft to the crowd: These technological firms lead 2025 layoffs as 50,000 jobs disappear in 5 months

The company will be supported and connected to the Gripon digital miner, and the connected entity will be known as “abtc”. The main shareholders of this entity will be the US president of two sons (98%), and the remaining 2% go to the existing shareholders of the digital mining of Grippon with which American Bitcoin will connect.

For Eric and Donald Trump Jr., Fantasy according to cryptocurlenza is more than a business point of view. Donald Trump JR was previously quoted as saying New York Times. “From the very beginning we supported in Bitcoin, Personally and through our company. But simply purchasing Bitcoin is only half the story. Mining at a good economy opens even greater opportunity.”

Who runs this crypto entity?

According to the presentation of investors on the site, ABTC’s basic founder and a member of the managerial team will be Eric Trump. However, there are concerns that appear that this last development could affect the Trump administration. It could even be a conflict of interest within the administrative brackets.

However, these news about the American Bitcoin that goes the public has not created most of the influence on the crypto market. Bitcoin is traded in its usual data from the announcement, according to CoinMarketCAP statistics.