In the middle of the US President Donald Trump’s family, business interests are growing, a bitcoin company tied to his two oldest sons more than doubled in its debut on the stock market on Wednesday and appreciated the share of sons by more than $ 1.5 billion, agencies reported.
On the first day of the Nasdaq store, shares in American Bitcoin Corp, bitcoin miners, up to $ 14.52 increased before they withdrew by 16.5% to $ 8.04 by the end of the day.
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Eric Trump and Donald Trump JR own 20 percent of shares in American Bitcoin Corp, he said that his chairman Asher Genoot in a previous interview.
On the basis of 908.6 million outstanding shares that American Bitcoin said it was in the performance of the Stock Exchange, September was the share of Trump brothers in Bitcoin, USA at the end of the trade at $ 1.5 billion. The highest price affected on Wednesday appreciated its share of $ 2.6 billion.
Crypto Ventures:
According to the report, crypto companies have become an important driving force of growth and potential unexpected profits for the President’s family. In the past, Trump – the family company Trump – focused on building and operating real estate projects and golf courses.
“Krypto explodes. Right now I would say that the crypto space is at least 50% of what I do,” said Reuters Eric Trump, who said in an interview on Wednesday.
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However, Trump’s family raids into the crypt caused criticism from democratic legislators and guarding the ethics of government ethics on a conflict of interest.
Critics claimed that Trump Trump’s Trump profits from the crypt at the same time when the president releases regulations and enforcement in this industry.
While the other son of Trump – Eric – rejected such critics as “crazy” on Wednesday.
“My father has absolutely nothing to do with this company. He manages a nation. He does not participate in our businesses, shape or forms,” Eric Trump said.
Eric Trump holds the titles of the co -founder and head of the American Bitcoin strategy.
“Krypto had a very bad voice for a long time. They really had a hard time to communicate.
“I think I could give a great voice, not only here in the US, but around the world.”
Previously, President Donald Trump promised to support an asset class because he could improve the banking system and increase the dominance of the US dollar.
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This year, Eric traveled international to cities, including Dubai, Hong Kong and Tokyo to collect foreign support of the crypto industry.
In 2024, the Trump family launched a number of cryptological businesses – from Bitcoin to World Liberty Financial. Trump also launched the coins before the President’s inauguration in January.
On Monday, World Liberty Financial – debuted with digital tokens known as $ WLFI – he has acquired the first family since his launch in 2024, the first family around $ 500 million, says Reuters calculations.
In August, Trump Media & Technology Group and Crypto.com agreed on an agreement with an acquisition company with empty inspections to start a new business that will strive to buy a CRO digital token.
The Hut 8 Corp, an energy infrastructure company, which is also involved in bitcoin mining, owns about 80% of American bitcoins.
American Bitcoin said he was selling $ 2.1 billion stocks on Wednesday and plans to take advantage of the purchase of bitcoins or mining machines for bitcoins.
(Tagstotranslate) American Bitcoin Corp
