Trump’s children knead a participation of USD $ 1.5 billion in American Bitcoin

By Hannah Pérez

Donald Trump’s children are enriched with cryptocurrencies. According to reports, its participation in American Bitcoin reached USD $ 1.5 billion in the debut in Nasdaq, with the shares closing at USD $ 8.

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• Eric Donald Trump Jr. were enriched with the debut of American Bitcoin in Nasdaq.
• Its approximate participation of 20% in the company was valued at USD $ 1.5 billion at the end of the day.
• American Bitcoin, founded this year, had a successful release in which he doubled his actions.
• Trump crypto projects are paying more fruits than their age of seniority.

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The eldest children of President Donald Trump, Eric Trump and Donald Trump Jr., are enriching themselves with their cryptocurrency businesses and saw a huge gain after the debut in the stock exchange of American Bitcoin Corp.

According to Reutersthe combined participation of the brothers, which represents approximately 20% of the company, reached a value of USD $ 1.5 billion at the end of Wednesday’s operations, based on the 908.6 million in circulation shares reported by the company in a presentation before the stock market on September 2.

The debut of American Bitcoin In the Nasdaq it was spectacular, with the shares duplicating its initial price to a maximum of USD $ 14.52, which temporarily valued the participation of the Trump brothers in USD $ 2.6 billion. Although the shares closed the day with an increase of 16.5% to 8 dollars per share, the initial success underlines the growing interest in cryptocurrencies, a sector that the Trump family has embraced with enthusiasm this year.

Bloomberg He reported that Eric Trump’s individual participation, of around 7.5%, was valued at USD $ 548 million.

American Bitcoin pays fruits for Trump

American Bitcoina mining company of Bitcoin Created this year, he plans to extract bitcoins using equipment in New York, Alberta and Texas, with technology provided by HUT 8 CORP.which has 80% of the company.

In addition, the company will focus on the accumulation of Bitcoins for your treasury. After acquiring 2,443 BTC weeks ago, American Bitcoin announced Wednesday, during its departure in the stock market, the sale of USD $ 2.1 billion in shares, with the funds for the purchase of more Bitcoin or mining machinery, with the intention of strengthening its treasury strategy.

The incursion of the Trump family in cryptocurrencies is not limited to American Bitcoin. They are also involved in projects such as World Liberty Financialwhich launched the Token WLFI in centralized exchanges at the beginning of the week, which fired the fortune of the United States presidential family in some of USD $ 5 billion, according to calculations.

These initiatives, to which the Memecoins Trump and Melania, reflect a strategic change from the traditional Trump family business, centered on real estate and golf courses, towards the dynamic crypto market.

According to calculations of Bloomberg, based on its multimillionaires index, Eric Trump’s participation in American Bitcoin It is worth more than the value of a Collection of 13 different golf properties and tourist complexes of the Trump.

“We are incredibly fortunate in life with or without this effort “said Eric Trump when asked about the value of his company’s shares in Bloomberg Television on Wednesday.

The Trump family capitalizes the cryptocurrencies

The recent success of the Trump brothers coincides with the policies favorable to the cryptocurrencies of the administration of his father, who during his current mandate in the White House has proclaimed the “Crypto President”For their support for this kind of assets, arguing that they can strengthen the banking system and the global relevance of the US dollar.

However, this connection has generated criticism of Democratic legislators and ethical experts, who point out possible conflicts of interest. Eric Trump, who holds the title of Director of Strategy American Bitcoinhe dismissed these criticisms like “INSANAS“, Stating that his father has no participation in these businesses and is focused on leading the country.

Eric Trump also highlighted his role as spokesman for the crypto sector, traveling to cities such as Dubai, Hong Kong and Tokyo to promote the industry. “The crypt had a very weak voice for a long time. I think I have managed to give it a great voice, not only in the US, but worldwide“He said in a recent interview.

The rise of American Bitcoin And other Trump crypto projects demonstrates how the presidential family is capitalizing the growing acceptance of cryptocurrencies, a market that, according to Eric, represents at least 50% of its current activities. As the sector continues to expand, the Trump brothers are positioned to benefit from what they describe as a “burst“Crypt.

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Article written with the help of AI, edited by Diariobitcoin

Image generated with AI tool, under free use license

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