The Trumps Are Leaning Further Into Crypto. Two New Listings Show Just How Far.

The Trump family keeps leaning into crypto.

This week has already offered two fresh examples: A bitcoin mining company linked to Eric Trump and Donald Trump Jr., American Bitcoin, on Wednesday listed on the Nasdaq exchange using the ticker “ABTC,” not long after their venture World Liberty Financial went live with billions of the associated token, WLFI, unlocking and now trading on secondary markets.

American Bitcoin, majority owned by Hut 8 (HUT), merged with Gryphon Digital Mining, which previously traded under “GRYP,” rebranding with a new ticker. The firm wants to be “the wold’s largest, most efficient pure-play Bitcoin miner.” Shares traded at roughly $10 as of Wednesday afternoon, putting the company’s market value at roughly $9 billion.

World Liberty Financial’s token began trading over the holiday weekend.The Wall Street Journal estimated the Trump family’s stake was valued at roughly $6 billion based on the token’s peak price of around 30 cents.

President Donald Trump evolved from being anti-crypto in his first term to establishing a pro-crypto stance during his second re-election campaign. Trump Media & Technology Group (DJT), like Michael Saylor’s Strategy, buys and holds crypto. There’s also President Trump-associated memecoin (TRUMPUSD), which has an estimated market value of $1.7 billion, according to research firm Messari.

Prior to American Bitcoin’s deal with Hut 8, it was known as American Data Centers, and was initially formed to focus on building out AI infrastructure in the U.S.