Trump Brothers' Bitcoin Mining Company ABTC Lists On Nasdaq, Shares Soar 60% On Debut

(MENAFN- eTrendy Stock) On September 3, 2025, American Bitcoin Corp. (ABTC), a Bitcoin mining and treasury company backed by President Trump's sons Eric and Donald Trump Jr., made its highly anticipated debut on the Nasdaq stock exchange.

The firm, trading under the ticker symbol ABTC, opened strong, surging about 60% in early trading before facing multiple volatility halts.

This launch marks a key moment for the Trump family's push into cryptocurrency, blending Bitcoin mining with treasury strategies to build U.S. digital asset infrastructure.

American Bitcoin emerged from a merger with Gryphon Digital Mining, a move that fast-tracked its public listing without a traditional IPO.

As a subsidiary of Hut 8, a major player in crypto mining, the company holds over 2,400 Bitcoin, valued at around $273 million based on current prices.

Eric Trump, a co-founder, highlighted the firm's focus on self-mining and Bitcoin accumulation, calling it a“victory” for American economic strategy in the crypto space.

“I have put a tremendous amount of love and energy into American Bitcoin over the past 12 months,” Eric Trump posted on X, celebrating the Nasdaq debut.

The company aims to raise up to $2.1 billion through share sales to fund expansions, including potential acquisitions in Asia like Japan and Hong Kong. This strategy mirrors firms like MicroStrategy, which treat Bitcoin as a core treasury asset.

Shareholders include Eric Trump, Donald Trump Jr., and Hut 8, who together own about 98% of the entity post-merger. The listing has drawn investments from both crypto enthusiasts and traditional finance sectors, including notable backers like the Winklevoss twins.

Market reaction was electric. Shares climbed as high as 83% before settling up around 34% after seven trading halts due to extreme swings. This volatility underscores the excitement around Trump-linked ventures in a bullish crypto market.

Bitcoin's price hovered near all-time highs, boosting sentiment for mining stocks like Hut 8 (HUT), Marathon Digital (MARA), and Riot Platforms (RIOT), which also saw gains.

Launched in March 2025 by Hut 8 with the Trump brothers, American Bitcoin vows to become the world's largest Bitcoin treasury firm.

Donald Trump Jr. described it as a“powerful political statement,” legitimizing Bitcoin mining for mainstream investors amid regulatory shifts under the Trump administration. This is the second crypto-related listing for the Trumps this week, signaling deeper family ties to digital assets.

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