US EditionTrump-backed bitcoin company begins trading on Nasdaq
- American Bitcoin, a cryptocurrency mining firm supported by Eric Trump, Donald Trump Jr., and Hut 8, started trading on the Nasdaq Wednesday under the ticker symbol ABTC following its merger with Gryphon Digital Mining.
- The merger and listing were pursued to expedite access to the public markets amid a climate of increasing regulatory developments related to cryptocurrency in the United States during the Trump administration.
- American Bitcoin employs a combined strategy of mining bitcoin and retaining the cryptocurrency as a key asset on its balance sheet, having gathered 2,443 bitcoins valued at nearly $160 million.
- Eric Trump described the Nasdaq listing as a significant achievement in integrating bitcoin into the heart of U.S. financial markets, with the company's shares surging 60% from $6.90 to $11 soon after trading began.
- The listing offers investors exposure to a Trump-linked crypto project, signaling increased mainstream integration of bitcoin mining and treasury strategies.
84 Articles
84 Articles
The share of Bitcoin's American Bitcoin Corp shot up by 40 percent at a time during its stock market debut, but then declined again.
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In what Public Citizen called "the greatest corruption in presidential history," US President Donald Trump and his family added $5 billion in cash to their fortunes this Labor Day as his new cryptocurrency was opened to the public market.The currency, known as WLFI, is owned by World Liberty Financial, a company founded by the president's sons, Donald Trump, Jr., and Eric Trump. A Trump business entity owns 60% of the company and is entitled to …
There is no brake on the Trump family’s advance in the crypto world. American Bitcoin Corp., a crypto mining company backed by President Donald Trump’s older sons, opened on Wednesday in its stock market debut at Nasdaq. The firm’s shares rebounded by 110% but then moderated its advance and closed with a 16.5% rise. The company has announced that it will accumulate cryptocurrency units using bitcoin mining machinery located in New York, Alberta …
Is American Bitcoin running better than World Liberty Token? In the US, another Trump-supported digital currency has been launched on the stock market – and has temporarily doubled its value.
Trump-linked Bitcoin company has volatile Nasdaq debut
A bitcoin treasury and mining company linked to the Trump family saw a large rise in its stock price at one point on its first day on the Nasdaq stock market, but it still ended up being valued less than…
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