Trump Brothers Shake Wall Street: American Bitcoin Firm Surges 110% on Nasdaq Debut

The debut of American Bitcoin (ABTC) has made headlines across Wall Street and the crypto world.

Backed by President Donald Trump’s two eldest sons, the bitcoin mining and treasury company surged as much as 110% on its first trading day before closing lower.

Despite the pullback, its market value touched billions, making it one of the most notable Nasdaq debuts of 2025.

Investors are now asking whether the Trump-linked firm is a real opportunity or just another volatile play in the crypto sector.

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Key Takeaways

1. American Bitcoin soared 110% before settling lower on its Nasdaq debut.

2. The Trump brothers hold significant stakes, with Hut 8 as majority shareholder.

3. The company plans to raise $2.1 billion to expand its mining and treasury strategy.

American Bitcoin’s Wall Street Debut

American Bitcoin entered the public market after merging with Gryphon Digital Mining, avoiding the lengthy process of a traditional IPO.

Trading under the ticker ABTC, the stock surged to an intraday peak of $14.52, more than doubling Gryphon’s previous closing price of $6.90. It eventually settled at $8.04, giving the firm a market cap of about $7 billion.

The Trump family’s involvement drew immediate attention. Eric Trump owns an estimated 7.5% stake worth more than $500 million, while Donald Trump Jr.’s share remains undisclosed.

Hut 8, a Miami-based mining company, owns about 64% of American Bitcoin’s equity but controls 80% of voting power due to its multi-class share structure.

Together with the Trump brothers and other backers, they hold nearly 98% of the combined company.

The debut follows a series of Trump-linked crypto ventures, including World Liberty Financial and a meme coin launched earlier this year.

While some of these projects struggled, American Bitcoin’s strong debut suggests investor appetite remains high for politically connected crypto firms.

Still, analysts caution that its valuation appears stretched, with volatility likely in the short term.

Read Also: Trump Family’s $5 Billion Crypto Fortune: How Their Token Took Over the Market

The Business Model Behind American Bitcoin

At its core, American Bitcoin operates as both a mining company and a bitcoin treasury. By using large-scale computer farms, the company validates transactions on the blockchain while earning bitcoin rewards.

This model not only provides revenue through mining but also allows the company to accumulate digital assets at a discount compared to buying them directly.

Since its launch earlier this year, American Bitcoin has already built a reserve of 2,443 bitcoins, worth around $274 million at current prices.

This dual strategy mirrors that of other mining firms holding bitcoin on their balance sheets, though enthusiasm for such approaches has varied among investors.

The merger with Gryphon gave the company quicker access to capital markets. American Bitcoin also announced plans to raise up to $2.1 billion through a share offering, with proceeds earmarked for new mining hardware, bitcoin purchases, and general operations.

Industry analysts argue this structure provides a strategic edge, separating Hut 8’s mining division while positioning American Bitcoin as a capital-intensive growth vehicle.

For investors, this business model offers both opportunity and risk. Mining is notoriously expensive and sensitive to bitcoin’s price swings.

However, the ability to mine and hold bitcoin creates built-in advantages if the market turns bullish again.

Read Also: Why Does the Trump Family’s WLFI Deal Affect Its Launch?

The Bigger Picture: Politics, Regulation, and Crypto

American Bitcoin’s rise is not just a financial story but also a political one. With the Trump family directly tied to the company, critics have raised concerns about potential conflicts of interest, especially as the administration pushes pro-crypto policies.

In March, President Trump signed an executive order proposing a strategic bitcoin reserve, while in July, his working group released regulatory recommendations aimed at supporting digital asset growth.

Supporters argue that this alignment demonstrates the administration’s commitment to making the United States a global leader in crypto innovation.

White House officials have denied any conflicts of interest, stating that the president’s policies are designed to expand opportunities for all Americans.

The debate underscores how intertwined politics and crypto have become. American Bitcoin’s debut highlights the growing overlap between public policy and private enterprise, which could shape the sector’s trajectory in the coming years.

Investors weighing the stock must consider not only financial fundamentals but also regulatory and political dynamics.

Read Also: American Bitcoin Explained: Trump Family’s Bitcoin Mining Venture on Nasdaq

Conclusion

The Nasdaq debut of American Bitcoin has put the Trump brothers at the center of both Wall Street and the crypto industry.

With a stock that surged 110% before pulling back, the company has already drawn significant attention from investors.

Its dual mining and treasury model offers potential advantages, but questions remain about sustainability, valuation, and the influence of politics.

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FAQ

What is American Bitcoin?

American Bitcoin is a bitcoin mining and treasury company backed by Eric Trump and Donald Trump Jr., operating under the ticker ABTC.

How much did American Bitcoin stock rise on its debut?

The stock jumped 110% to an intraday high of $14.52 before closing at $8.04 on its first trading day.

Who owns American Bitcoin?

Hut 8 is the majority shareholder, while Eric Trump holds about 7.5%. Donald Trump Jr. also owns a significant but undisclosed stake.

What is the company’s strategy?

American Bitcoin mines bitcoin and holds it in its treasury, combining revenue generation with long-term asset accumulation.

Where can I trade crypto safely?

Cryptocurrencies can be traded on secure exchanges like Bitrue, which provides a reliable and easy-to-use platform for investors.

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