Matt Prusak is an American executive and investor, serving as the President of American Bitcoin. His professional background is in technology, digital infrastructure, and cryptocurrency, with a career that includes roles in management consulting, operational leadership in the health-tech sector, and executive positions at several large-scale Bitcoin mining companies. ^[1]

Education

Prusak's academic background includes multiple advanced degrees from institutions in the United States, China, and the United Kingdom. He holds a Master of Business Administration (MBA) from the Stanford University Graduate School of Business, where he also earned a Certificate in Public Management and Social Innovation. He was a Schwarzman Scholar at Tsinghua University in Beijing, where he completed a Master of Management Science in Global Affairs. Additionally, he was a visiting scholar at the University of Cambridge, studying Human, Social, and Political Studies. He received his Bachelor of Arts in International Relations with a specialization in Global Business from the University of Southern California. ^[6]

Career

Prusak began his career in management consulting at Bain & Company, where he worked as an Associate Consultant from 2015 to 2017. In this role, he was based in several international offices, including Singapore, Indonesia, and the United Arab Emirates, where he focused on strategy and performance improvement for clients in the private equity, technology, and financial services industries. ^[2]

In 2020, during the COVID-19 pandemic, Prusak joined the health-tech company Curative as its Chief Business Officer. He held this position until 2021, during which time he was responsible for managing the rapid operational scaling of the organization to facilitate nationwide COVID-19 testing efforts. Following this, he transitioned into the cryptocurrency sector, joining US Bitcoin Corp in 2021 as Chief Commercial Officer. During his tenure, which lasted until January 2024, he played a key role in the company's growth into one of North America's largest Bitcoin mining operations, focusing on optimizing compute placement and integrating renewable energy sources. ^[3]

In 2021, Prusak founded Defense Angels, an investment firm where he serves as General Partner. The firm focuses on investing in technologies with applications in national security. In January 2024, he was appointed Chief Executive Officer of Ionic Digital, where he led the launch and expansion of a large-scale Bitcoin mining operation. In 2025, Prusak joined American Bitcoin, initially serving as its Chief Executive Officer before transitioning to the role of President. In this capacity, he oversees the company's mining operations and its strategy for building a significant strategic Bitcoin reserve. ^{[4] [7]}

Interviews

Bitcoin Accumulating

On the Bitcoin Treasuries podcast in September 2025, Tim Codsman interviewed Prusak, who discussed the company's recent public launch on NASDAQ following a merger with Griffin through a reverse takeover on September 3rd. Prusak highlighted how American Bitcoin functions as an accumulator, combining elements of Bitcoin mining and treasury strategies to maximize Bitcoin exposure over time. He explained the operational structure of the company, noting a partnership with HUD 8, which manages the mining facilities while American Bitcoin owns the equipment. Prusak concluded by emphasizing the need to communicate the company's mission effectively and its ambition to grow its Bitcoin holdings, currently holding approximately 2,400 Bitcoin on the balance sheet, with plans to significantly increase that number. ^[5]

ABTC

On the McNallie Money podcast in September 2025, Prusack, President of American Bitcoin Corp (ABTC), and Asher Genoot, its Executive Chairman, discussed the company's strategic direction and operational growth. They detailed the foundation of ABTC, emphasizing its dedication to being a specialized Bitcoin accumulator rather than merely a mining or treasury firm. The conversation highlighted the significance of ABTC's large-scale Bitcoin mining facilities, notably the Vega site, as well as their approach to capital management, aiming to leverage their partnership with HUD 8 for optimal resource allocation. They underscored their commitment to holding Bitcoin as a core asset rather than selling it off, aiming to provide maximum exposure for shareholders. The discussion also touched on the involvement of the Trump family as influential figures within the company, highlighting their roles in expanding ABTC's appeal beyond traditional cryptocurrency investors. Overall, the executives reflected on the company's rapid expansion and strategic plans for ongoing development in the Bitcoin mining sector. ^[3]

Trump Bitcoin Bet

In a discussion on The “What is Money?” Show featuring Prusak in September 2025, the conversation revolved around the prominent role of Bitcoin in shaping future economic systems and energy production. Prusak expressed skepticism about the viability of central bank digital currencies due to the challenges faced by government infrastructure, emphasizing Bitcoin's potential as a transformative technology that aligns with American ideals. The discourse included the mechanics of Bitcoin mining, the relationship between energy consumption and Bitcoin generation, and the implications for global energy markets. Prusak noted that Bitcoin mining could incentivize energy production and lead to the development of new technologies that enhance efficiency. He also highlighted the emerging trend of stablecoins as a means to bridge traditional finance and the crypto world, suggesting that stablecoins could facilitate greater adoption of Bitcoin by providing a familiar digital currency for users. Ultimately, he portrayed a vision in which Bitcoin serves as both a safeguard against inflation and a catalyst for energy innovation, suggesting that advancements in Bitcoin technology may reshape humanity's relationship with energy. ^[4]

American BTC and Trumps

In April 2025, on The Mining Pod, Prusak discussed the establishment of the company as a subsidiary of HUD 8, following their partnership with Eric Trump and Donald Trump Jr. HUD 8 allocated nearly all of its self-mining assets to American Bitcoin in exchange for an 80% stake, enabling a strategic focus on Bitcoin mining and infrastructure development. Prusak explained that this arrangement allows both companies to leverage their strengths, with American Bitcoin focused on maximizing hash rates and Bitcoin reserves, while HUD 8 concentrates on infrastructure and energy management. They also addressed the potential for fundraising and public listing, emphasizing the synergies created by the Trump brand and the overall favorable regulatory environment for Bitcoin mining in the U.S. The discussion underscored American Bitcoin's commitment to efficient mining practices and the advantages of the American energy market in establishing a leading presence in the crypto industry. ^[2]