Quantum-mechanical model of the atom describes very well all known phenomena associated with atomic structure. This model provides excellent quantitative and predictive framework for understanding atomic behavior. However, it does not provide adequate physical interpretation of the observed behavior of the atom. In this article, we propose a new physical interpretation of the atomic structure based on atom’s behavior as a miniature antenna. We propose and show that atom is formed from a system of binary virtual emitters of E-type and H-types, forming coherent closed electromagnetic field with zero energy emission in the far zone and continuous energy redistribution in the near zone. This important observation provides physical explanation to atomic stability. Additionally, we show that many other fundamental properties of the atom could be physically adequately explained using the new antenna model of the atom.