ABTC’s Spectacular Debut on Nasdaq, Shares Surge Dramatically?

Jakarta, Pintu News – Today, a company founded by Donald Trump’s two eldest sons, Eric and Donald Trump Jr. has officially listed on the Nasdaq exchange with the ticker ‘ABTC’. The company, which is engaged in Bitcoin (BTC) mining and accumulation, has caught the market’s attention with a 60% rise in shares on its debut. Check out the full information in this article!

The First Steps of American Bitcoin

American Bitcoin, the result of a merger with Gryphon Digital Mining, has successfully listed on the Nasdaq with strong support from shareholders. Eric and Donald Trump Jr. along with Bitcoin miner Hut 8 and other shareholders hold about 98% of the total shares.

Meanwhile, shareholders of Gryphon Digital Mining, previously known by the ticker ‘GRYP’, now hold a 2% stake. The company raised $220 million in cash and Bitcoin (BTC) in June, which it used to expand its mining operations and purchase more Bitcoin (BTC).

On its debut on the Nasdaq, ABTC stock immediately jumped by 60%, and is currently still holding its own with a gain of more than 40%, trading at around $9 per share. This increase shows investors’ confidence in the company’s future growth potential.

Read also: Sale of 10,000 ETH by Ethereum Foundation, What Impact on the Market?

Vision of Becoming the Largest Bitcoin Holder

In an interview with WSJ, Eric Trump stated that American Bitcoin aims to become the world’s largest Bitcoin (BTC) storage company. Currently, the company has nearly 2,443 BTC on its balance sheet, adopting the Bitcoin treasury model popularized by Michael Saylor.

With this strategy, American Bitcoin has ambitions to surpass other large companies such as Strategy which is currently the largest public holder of Bitcoin (BTC) with 636,505 BTC. Eric Trump also added that the company has put a lot of effort and dedication over the past 12 months to reach its current position.

With this success, American Bitcoin is now the 25th largest public holder of Bitcoin (BTC), a significant achievement given the company’s young age.

Also read: Bitcoin (BTC) Can Break $150,000, As Long as These Two “Whales” Finish Selling?

Expansion into Various Crypto Fields

In addition to their success with American Bitcoin, the Trump family has also expanded their business activities in the crypto sector through various initiatives. Just two days ago, the Trump family’s main crypto venture, World Liberty Financial, launched its now-tradable WLFI token.

This move managed to increase the family’s wealth by $5 billion in paper wealth. Additionally, Donald Trump Jr. has revealed that his family got into crypto because they were debanking.

With decentralization in the crypto space, it is expected that everyone can access financial services without barriers. This shows the Trump family’s commitment to continuously innovate and utilize the latest technology to expand their influence in the global financial sector.

Conclusion

With an impressive debut on the Nasdaq and ambitious plans for the future, American Bitcoin looks set to continue being a topic of conversation in the crypto industry. The involvement of the Trump family not only increases the visibility of the company but also signals a new era in crypto adoption by institutional and individual investors.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Trump-Backed BTC Miner American Bitcoin Debuts on Nasdaq. Accessed on September 4, 2025
• Featured Image: CREW