American Bitcoin rose 17% on its first day of trading on the Nasdaq, Eric Trump's stake worth over $500.00M
TechFlowSep 3, 2025On September 4, according to Theblock, American Bitcoin (stock code: ABTC), a Bitcoin company backed by US President Donald Trump's son, performed well in its first day of trading on the Nasdaq, with its stock price rising nearly 17% to $8.04, hitting a high of $14.00 during the day. The trading volume on the first trading day exceeded 29.00 million shares. American Bitcoin was co-founded by Eric Trump and is primarily engaged in Bitcoin mining and holding. The company was founded in March of this year and is currently 80% owned by $Hut 8, with the remaining 20% owned by American Data Centers, which is backed by the Trump family. Eric Trump serves as the company's Chief Strategy Officer, and his shareholding is valued at over $500.00 million. [Techflow]
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American Bitcoin rose 17% on its first day of trading on the Nasdaq, Eric Trump's stake worth over $500.00M
TechFlowSep 3, 2025On September 4, according to Theblock, American Bitcoin (stock code: ABTC), a Bitcoin company backed by US President Donald Trump's son, performed well in its first day of trading on the Nasdaq, with its stock price rising nearly 17% to $8.04, hitting a high of $14.00 during the day. The trading volume on the first trading day exceeded 29.00 million shares. American Bitcoin was co-founded by Eric Trump and is primarily engaged in Bitcoin mining and holding. The company was founded in March of this year and is currently 80% owned by Hut 8, with the remaining 20% owned by American Data Centers, which is backed by the Trump family. Eric Trump serves as the company's Chief Strategy Officer, and his shareholding is valued at over $500.00 million. [Techflow]
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