As the financial landscape shifts with increasing interest in Bitcoin exchange-traded funds (ETFs), American Bitcoin (NASDAQ: ABTC) is emerging as a significant player, led by CEO Michael Ho in collaboration with Eric and Donald Trump Jr. Following its high-profile merger with Gryphon Digital Mining, the company debuted on the Nasdaq in September 2025 under the ticker ABTC. This strategic move aims to leverage public market mechanics to amass Bitcoin at what Ho refers to as a “massive discount.”
American Bitcoin currently holds 5,044 Bitcoins, positioning it as the 21st largest corporate holder of the cryptocurrency. With Hut 8 Mining holding an 80% majority stake, the Trump family and legacy shareholders control the remaining 20%. Ho emphasizes the favorable market dynamics for Bitcoin, predicting a significant price increase in the near future.
In a recent interview, Ho detailed his journey into the cryptocurrency space, which began with a personal purchase of Bitcoin in 2013 and expanded into mining in 2014. He highlighted the evolution of Bitcoin mining technology, noting the stark contrast between the early GPU-based mining efforts and today’s sophisticated institutional data centers.
Speaking about his motivation, Ho explained that while profitability played a role, he was driven by the potential for Bitcoin to offer financial freedom. He pointed out that Bitcoin adoption is especially prevalent in countries with struggling economies, where it serves as a hedge against inflation and poor monetary policies.
The collaboration with the Trump family materialized rapidly, facilitated by mutual contacts. Ho noted the similarity between the Trump organization’s approach to real estate and American Bitcoin’s operations in the data center industry. His company’s infrastructure focuses on energy procurement—a vital resource in the mining process.
Despite speculation about the partnership’s political undertones, Ho firmly dismissed any political motivations. He highlighted the favorable business environment for Bitcoin mining under the previous administration, crediting the understanding of Bitcoin’s benefits to energy development and the economy.
American Bitcoin’s public debut through its merger with Gryphon Digital Mining allows investors to buy into a “treasury” model. Ho explained that unlike buying directly into Bitcoin ETFs which limit ownership, investing in a company like American Bitcoin entails betting on management’s ability to increase Bitcoin holdings per share through strategic actions.
With ambitions to tap into the untapped fixed-income market, Ho is setting aggressive goals for capital raises, targeting $2.1 billion. He aims to position American Bitcoin among the top five Bitcoin holders globally within the next year, significantly increasing the company’s crypto holdings.
Ho believes that macroeconomic factors, particularly changing interest rates, will benefit Bitcoin. As lower interest rates become a reality, Bitcoin is expected to gain traction among institutional investors. He also pointed out the diminishing floating supply of Bitcoin; with over 70% of the world’s Bitcoins not moving in over a year, the market is ripe for higher prices.
While he refrained from giving a specific price prediction, he expressed confidence that Bitcoin will see significant gains in the next year and a half, driven by the combination of supply constraints and institutional investment inflows.
