Trump family's new venture opens 33% higher in Nasdaq debut
American Bitcoin (Nasdaq: ABTC), the Bitcoin mining firm backed by President Donald Trump's sons Donald Jr. and Eric, made its public debut on Nasdaq on Sep. 3.
The stock opened at $9.22, up 33.6% in a day.
As reported earlier, the trading begins following the firm's merger with Gryphon Digital Mining (Nasdaq: GRYP). The unit chose a merger structure instead of going the conventional IPO route to unlock faster capital access.
Related: What is Bitcoin mining? Explained
What is American Bitcoin?
American Bitcoin is a Bitcoin mining company formed by the merger of American Data Centers — the data infrastructure firm owned by President Donald Trump’s sons Eric Trump and Donald Jr. — with the crypto mining firm $Hut 8 on March 31.
Here is the ownership of American Bitcoin.
-
Trump brothers: 20%
-
$Hut 8: 80%
Anchor investors include the Gemini crypto exchange’s billionaire co-founders Tyler and Cameron Winklevoss.
More News:
The firm holds 2,443 $BTC on its balance sheet and aims to accumulate more in the future.
American Bitcoin leaders hail Nasdaq debut
American Bitcoin co-founder and CEO Eric Trump said, "Our Nasdaq debut marks a historic milestone in bringing Bitcoin into the core of U.S. capital markets and advancing our mission to make America the undisputed leader of the global Bitcoin economy."
Donald Trump Jr., an American Bitcoin stockholder, said:
"American Bitcoin embodies the values that define American strength: freedom, transparency, and independence."
American Bitcoin executive chairman and $Hut 8 CEO Asher Genoot said, "By combining Bitcoin mining, opportunistic market purchases, and the backing of $Hut 8's energy and digital infrastructure, we have created a vehicle designed to drive rapid, efficient Bitcoin-per-share growth."
The ABTC stock was exchanging hands at $13.20 at the time of writing, up 90% in a day.
$HUT was trading at $27.30, down 0.47% a day.
This story was originally reported by TheStreet on Sep 3, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
Trump family's new venture opens 33% higher in Nasdaq debut
American Bitcoin (Nasdaq: ABTC), the Bitcoin mining firm backed by President Donald Trump's sons Donald Jr. and Eric, made its public debut on Nasdaq on Sep. 3.
The stock opened at $9.22, up 33.6% in a day.
As reported earlier, the trading begins following the firm's merger with Gryphon Digital Mining (Nasdaq: GRYP). The unit chose a merger structure instead of going the conventional IPO route to unlock faster capital access.
Related: What is Bitcoin mining? Explained
What is American Bitcoin?
American Bitcoin is a Bitcoin mining company formed by the merger of American Data Centers — the data infrastructure firm owned by President Donald Trump’s sons Eric Trump and Donald Jr. — with the crypto mining firm Hut 8 on March 31.
Here is the ownership of American Bitcoin.
-
Trump brothers: 20%
-
Hut 8: 80%
Anchor investors include the Gemini crypto exchange’s billionaire co-founders Tyler and Cameron Winklevoss.
More News:
The firm holds 2,443 BTC on its balance sheet and aims to accumulate more in the future.
American Bitcoin leaders hail Nasdaq debut
American Bitcoin co-founder and CEO Eric Trump said, "Our Nasdaq debut marks a historic milestone in bringing Bitcoin into the core of U.S. capital markets and advancing our mission to make America the undisputed leader of the global Bitcoin economy."
Donald Trump Jr., an American Bitcoin stockholder, said:
"American Bitcoin embodies the values that define American strength: freedom, transparency, and independence."
American Bitcoin executive chairman and Hut 8 CEO Asher Genoot said, "By combining Bitcoin mining, opportunistic market purchases, and the backing of Hut 8's energy and digital infrastructure, we have created a vehicle designed to drive rapid, efficient Bitcoin-per-share growth."
The ABTC stock was exchanging hands at $13.20 at the time of writing, up 90% in a day.
HUT was trading at $27.30, down 0.47% a day.
This story was originally reported by TheStreet on Sep 3, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
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