Eric Trump Co-Founds Nasdaq-Listed American Bitcoin Corp with Backing from Grant Cardone

Eric Trump has taken on the dual role of co-founder and Chief Strategy Officer at American Bitcoin Corp., a Nasdaq-listed corporate entity operating under the ticker ABTC. The company is positioning itself as a domestic vehicle designed to accumulate Bitcoin at low operating costs and expand U.S.-based digital asset infrastructure.

Real estate investor and media personality Grant Cardone has joined the initiative as a prominent backer, aligning behind ABTC's effort to scale a national corporate reserve and mining footprint.

To manage the operational complexities of industrial-scale mining, ABTC has entered into a strategic collaboration with digital asset infrastructure operator Hut 8 Corp. The partnership aims to combine Hut 8's physical computing capacity with a disciplined treasury management framework, allowing the company to build balance-sheet reserves directly from active mining output.

ABTC's model follows a broader corporate playbook popularized over the last several years, where public entities seek market premiums by holding digital assets directly on their balance sheets rather than merely operating software or hardware services.

The Race for Computational Power

The venture lands amid increasing convergence between digital asset mining, energy infrastructure, and computational real estate. As power grids face heavy demand from both high-performance computing centers and proof-of-work mining facilities, securing scaled physical infrastructure through established partners like Hut 8 has become essential for corporate treasuries attempting to mine below spot prices.

Whether the high-profile backing of political and real estate figures will translate into sustainable competitive advantages against established institutional miners remains an open question, particularly as regulatory scrutiny and network difficulty continue to climb.