American Bitcoin Corp, a company supported by Eric and Donald Trump Jr., experienced a remarkable surge in its initial Nasdaq trading day, driven by investor interest in its unique mining-and-treasury business approach.
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Posted September 4, 2025 at 9:54 am EST.
American Bitcoin Corp, a cryptocurrency company backed by the Trump family, experienced a significant surge of 102% during its Nasdaq introduction, reaching an intraday peak of $14 before settling at $8.04 when trading concluded on Wednesday.
The company, jointly established by Eric Trump and Donald Trump Jr., commenced trading under the stock ticker “ABTC” following its combination with Gryphon Digital Mining. Following the firm’s public offering, Eric Trump’s 7.5% ownership in the company was estimated to be worth approximately $548 million.
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American Bitcoin operates using a blended strategy, engaging in bitcoin mining operations alongside maintaining bitcoin as a key element of its treasury reserves. The company has already amassed a substantial holding of over 2,400 BTC, valued at $269 million based on current market prices.
Earlier in the week, the Trump family saw a $5 billion increase in their collective wealth subsequent to the debut of WLFI trading, the token related to the family’s decentralized finance (DeFi) initiative, World Liberty Financial.
Key improvements and explanations:
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