American Bitcoin Soars 12.32% Post-Nasdaq Debut

On September 5, 2025, American Bitcoin surged 12.32% in pre-market trading, marking a significant rise in its stock value.

American Bitcoin, a crypto-mining company backed by Eric Trump and Donald Trump Jr., made its debut on the Nasdaq on September 3, 2025. The company began trading under the ticker ABTC following a share-for-share merger with Gryphon Digital Mining. The stock saw a substantial increase, reflecting strong investor interest in the Trump-backed venture.

The company's listing on the Nasdaq was part of a broader strategy to expand its presence in the U.S. capital markets. American Bitcoin was formed through a merger between American Data Centers, controlled by the Trump brothers, and Hut 8, a publicly traded Bitcoin miner. This merger allowed the Trump brothers to retain a dominant ownership stake in the new company, with nearly 98% of the shares.

The company raised $220 million in a private stock sale in June, which included investments from notable figures like Cameron Winklevoss and Tyler Winklevoss. This funding was used to acquire additional mining equipment and expand the company's crypto reserves ahead of its public listing. The Nasdaq debut was seen as a historic milestone, bringing Bitcoin closer to the core of U.S. capital markets and positioning American Bitcoin as a leader in the global Bitcoin economy.