{"id":169072,"date":"2025-09-03T18:32:09","date_gmt":"2025-09-03T15:32:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=169072"},"modified":"2025-09-03T18:32:09","modified_gmt":"2025-09-03T15:32:09","slug":"trump-backed-american-bitcoin-surges-more-than-60-in-nasdaq-debut","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/trump-backed-american-bitcoin-surges-more-than-60-in-nasdaq-debut\/","title":{"rendered":"Trump-Backed American Bitcoin Surges More Than 60% in Nasdaq Debut"},"content":{"rendered":"<p>The newly listed firm, backed by Donald Trump Jr. and Eric Trump, wasted no time making headlines.<\/p>\n<h2>Strong first-day performance<\/h2>\n<p>Shares surged more than 60%, climbing to $11 from the $6.90 reference price at the time of the merger on Tuesday evening. The rally reflects early investor enthusiasm for the company\u2019s hybrid model that combines Bitcoin mining with a corporate treasury strategy built around holding the cryptocurrency on its balance sheet.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-169080\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/Screenshot-2025-09-03-at-18.29.49.png\" alt=\"\" width=\"2408\" height=\"1720\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/Screenshot-2025-09-03-at-18.29.49.png 2408w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/Screenshot-2025-09-03-at-18.29.49-300x214.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/Screenshot-2025-09-03-at-18.29.49-1024x731.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/Screenshot-2025-09-03-at-18.29.49-768x549.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/Screenshot-2025-09-03-at-18.29.49-1536x1097.png 1536w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/Screenshot-2025-09-03-at-18.29.49-2048x1463.png 2048w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/09\/Screenshot-2025-09-03-at-18.29.49-240x170.png 240w\" sizes=\"(max-width: 2408px) 100vw, 2408px\"><\/p>\n<h2>Massive equity raise filed<\/h2>\n<p>Alongside its debut, American Bitcoin filed for an at-the-market equity raise of up to $2.1 billion. Proceeds from the program are expected to fund the expansion of its Bitcoin holdings, which currently total 2,443 BTC \u2013 worth about $160 million at present prices.<\/p>\n<h2>A rapid path to public markets<\/h2>\n<p>American Bitcoin\u2019s rise has been swift. Formed earlier this year through a combination of the Trump brothers\u2019 American Data Centers and Canadian mining company Hut 8 (HUT), the venture quickly grew into a publicly traded entity. Hut 8 now controls an 80% stake in the new company.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-168969\" href=\"https:\/\/cryptodnes.bg\/en\/solana-approves-alpenglow-upgrade\/\" title=\"Solana Approves Alpenglow Upgrade\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/solana-1-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Solana Approves Alpenglow Upgrade<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<h2>Mining plus treasury play<\/h2>\n<p>By blending mining operations with a treasury accumulation model, American Bitcoin follows a path taken by other high-profile firms like Marathon Digital. The approach underscores growing interest in Bitcoin as both a production output and a reserve asset, particularly for companies looking to leverage the cryptocurrency\u2019s long-term appreciation.<\/p>\n<p><strong><a href=\"https:\/\/www.coindesk.com\/markets\/2025\/09\/03\/trump-linked-bitcoin-firm-american-bitcoin-targets-usd2-1b-stock-sale-after-nasdaq-debut\" rel=\"nofollow\">Source<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Bitcoin (ABTC) made its trading debut on the Nasdaq Wednesday morning, following the completion of its merger with Gryphon Digital Mining (GRYP).<\/p>\n","protected":false},"author":7,"featured_media":44340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[72,234,108,122],"coin_category":[],"class_list":["post-169072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-bitcoin","tag-donald-trump","tag-price","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump-Backed American Bitcoin Surges More Than 60% in Nasdaq Debut<\/title>\n<meta name=\"description\" content=\"American Bitcoin (ABTC) made its trading debut on the Nasdaq Wednesday morning, following the completion of its merger with...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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