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Eric Trump connected Tuesday described Bitcoin arsenic a “modern-day gold,” calling it a liquid store of worth that tin enactment arsenic a hedge to existent property and different assets.
According to reports, the remark came during a TV quality connected CNBC’s Squawk Box, tied to the motorboat of American Bitcoin, the mining and treasury steadfast helium helped start.
Company Holdings And Strategy
Based connected nationalist filings and institution summaries, American Bitcoin has accumulated 2,443 BTC connected its equilibrium sheet. That stash has been valued successful the debased hundreds of millions of dollars astatine caller spot prices.
The steadfast mixes large-scale mining with the extremity of holding Bitcoin arsenic a strategical reserve, which it says volition assistance it turn some accumulation and plus holdings implicit time.
Eric Trump’s comments were direct. He told viewers that institutions are treating Bitcoin much similar a store of worth than a fringe idea, and helium warned firms that defy blockchain adoption.
The code was beardown astatine times, and the enactment astir Bitcoin being a modern equivalent of gold was utilized to framework American Bitcoin’s relation arsenic some miner and holder.
Eric Trump has said: bitcoin is modern-day gold
— unusual_whales (@unusual_whales) September 16, 2025
How The Company Went Public
American Bitcoin moved toward a nationalist listing via an all-stock merger with Gryphon Digital Mining earlier this year, a woody that kept astir of the archetypal shareholders successful power and positioned the caller entity for a Nasdaq debut.
Reports amusement that mining spouse Hut 8 holds a ample ownership stake, leaving the Trump household and different backers with a number share. The listing brought caller attraction and superior to the steadfast arsenic it began trading nether the ticker ABTC.
Market watchers accidental the firm’s nationalist debut highlights 2 trends: mining companies are trying to turn by some producing and holding Bitcoin, and governmental ties are bringing much headlines to crypto firms.
Some analysts constituent retired that holding ample amounts of Bitcoin connected the equilibrium expanse exposes a institution to terms swings, portion supporters reason it aligns incentives betwixt miners and investors.
Reaction And Possible Risks
Based connected sum of the launch, investors person reacted with some enthusiasm and caution. Supporters praise the imaginable of a US-based miner that aims to beryllium transparent and assertive astir gathering a reserve.
Critics constituent to governance questions, imaginable conflicts tied to high-profile backers, and the accustomed risks of a volatile plus being held connected firm equilibrium sheets.
Eric Trump’s remark that Bitcoin has taken gold’s relation successful today’s satellite reflects some his content successful its worth and American Bitcoin’s strategy of mining and holding.
Whether that presumption sticks volition beryllium connected however investors and institutions respond successful the months ahead.
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