Trump Family’s American Bitcoin Stock Surges in Market Debut<\/p>\n
American Bitcoin, a newly launched Bitcoin mining company backed by Eric Trump and Donald Trump Jr., made a striking entrance on the Nasdaq under the ticker ABTC. The company\u2019s stock soared as high as 60% in its first hours of trading, reaching over $13 before settling around $9.50. This debut pushed American Bitcoin\u2019s market capitalization above $5 billion, marking it as one of the most talked-about listings in the crypto sector this year.<\/p>\n
The company is the result of a joint venture between the Trump sons and Hut 8, a major player in Bitcoin mining. Hut 8 contributed the majority of its specialized mining hardware in exchange for an 80% stake, with the new entity focused exclusively on cryptocurrency mining. Separately, Hut 8 will continue to develop its data center business, shifting part of its strategy toward supporting artificial intelligence operations.<\/p>\n
American Bitcoin was brought to market rapidly through an all-stock merger with Gryphon Digital Mining. The company also completed a $220 million private stock sale, bolstering its early financial profile. In total, the Trump family\u2019s stake in American Bitcoin now exceeds $1.4 billion.<\/p>\n
Eric Trump has described American Bitcoin as a way for investors to gain direct exposure to Bitcoin\u2019s market potential, expressing his belief that the cryptocurrency is one of the great financial assets ever created. The high-profile involvement of the Trump family has drawn significant attention from both traditional and crypto investors, making the company\u2019s public offering a noteworthy event in the ongoing growth of digital assets in the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"
Trump Family’s American Bitcoin Stock Surges in Market Debut American Bitcoin, a newly launched Bitcoin mining company backed by Eric Trump and Donald Trump Jr., made a striking entrance on the Nasdaq under the ticker ABTC. The company\u2019s stock soared as high as 60% in its first hours of trading, reaching over $13 before settling […]<\/p>\n","protected":false},"author":1,"featured_media":2955,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"vi","enabled_languages":["en","de","ja","vi","ms"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"ja":{"title":false,"content":false,"excerpt":false},"vi":{"title":false,"content":false,"excerpt":false},"ms":{"title":false,"content":false,"excerpt":false}}},"rttpg_featured_image_url":{"full":["https:\/\/blockchainenews.com\/wp-content\/uploads\/2025\/09\/2025-09-04T150003.6040700.jpg",1200,630,false],"landscape":["https:\/\/blockchainenews.com\/wp-content\/uploads\/2025\/09\/2025-09-04T150003.6040700.jpg",1200,630,false],"portraits":["https:\/\/blockchainenews.com\/wp-content\/uploads\/2025\/09\/2025-09-04T150003.6040700.jpg",1200,630,false],"thumbnail":["https:\/\/blockchainenews.com\/wp-content\/uploads\/2025\/09\/2025-09-04T150003.6040700-150x150.jpg",150,150,true],"medium":["https:\/\/blockchainenews.com\/wp-content\/uploads\/2025\/09\/2025-09-04T150003.6040700-300x158.jpg",300,158,true],"large":["https:\/\/blockchainenews.com\/wp-content\/uploads\/2025\/09\/2025-09-04T150003.6040700-1024x538.jpg",1024,538,true],"1536x1536":["https:\/\/blockchainenews.com\/wp-content\/uploads\/2025\/09\/2025-09-04T150003.6040700.jpg",1200,630,false],"2048x2048":["https:\/\/blockchainenews.com\/wp-content\/uploads\/2025\/09\/2025-09-04T150003.6040700.jpg",1200,630,false],"blog-thumb":["https:\/\/blockchainenews.com\/wp-content\/uploads\/2025\/09\/2025-09-04T150003.6040700-530x250.jpg",530,250,true],"blog-full":["https:\/\/blockchainenews.com\/wp-content\/uploads\/2025\/09\/2025-09-04T150003.6040700-1100x450.jpg",1100,450,true]},"rttpg_author":{"display_name":"tranhuynhmy@proton.me","author_link":"https:\/\/blockchainenews.com\/vi\/author\/tranhuynhmyproton-me\/"},"rttpg_comment":0,"rttpg_category":"News<\/a>","rttpg_excerpt":"Trump Family’s American Bitcoin Stock Surges in Market Debut American Bitcoin, a newly launched Bitcoin mining company backed by Eric Trump and Donald Trump Jr., made a striking entrance on the Nasdaq under the ticker ABTC. The company\u2019s stock soared as high as 60% in its first hours of trading, reaching over $13 before settling…","_links":{"self":[{"href":"https:\/\/blockchainenews.com\/vi\/wp-json\/wp\/v2\/posts\/2956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blockchainenews.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blockchainenews.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blockchainenews.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blockchainenews.com\/vi\/wp-json\/wp\/v2\/comments?post=2956"}],"version-history":[{"count":1,"href":"https:\/\/blockchainenews.com\/vi\/wp-json\/wp\/v2\/posts\/2956\/revisions"}],"predecessor-version":[{"id":2957,"href":"https:\/\/blockchainenews.com\/vi\/wp-json\/wp\/v2\/posts\/2956\/revisions\/2957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blockchainenews.com\/vi\/wp-json\/wp\/v2\/media\/2955"}],"wp:attachment":[{"href":"https:\/\/blockchainenews.com\/vi\/wp-json\/wp\/v2\/media?parent=2956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blockchainenews.com\/vi\/wp-json\/wp\/v2\/categories?post=2956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blockchainenews.com\/vi\/wp-json\/wp\/v2\/tags?post=2956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}