Bitcoin News Today: Trump-Backed Bitcoin Play Surges on Nasdaq in Bold Bid for Institutional Buy-In

American Bitcoin Corp. (NASDAQ: ABTC) made a significant debut on the Nasdaq on September 3, 2025, following a stock-for-stock merger with Gryphon Digital Mining. The company, a joint venture between Hut 8 and the Trump brothers’ American Data Centers, opened at $6.90 per share and surged over 80% in early trading, triggering multiple trading halts. By the close of the market session, the stock had settled at $8.04, reflecting a gain of approximately 16.52% for the day [1]. The listing marks a major milestone in institutional Bitcoin adoption, as the firm aims to offer a scalable vehicle for investors seeking exposure to the cryptocurrency [3]. Eric Trump, co-founder and chief strategy officer, emphasized that the Nasdaq debut would help position America as a leader in the global Bitcoin economy [4].

The company’s business model combines self-mining operations with opportunistic Bitcoin purchases, leveraging Hut 8’s infrastructure to maintain cost efficiency. As of Q2 2025, American Bitcoin operated at 9.3 exahashes per second (EH/s) of computing power, with an additional 14–15 EH/s expected from a new acquisition of Bitmain’s liquid-cooled Antminers [1]. This strategic approach allows for SG&A efficiency and greater capital allocation toward Bitcoin accumulation [4]. The firm previously raised $215 million in private placements, which it used to purchase 1,726 Bitcoin in the second quarter [1].

American Bitcoin’s ownership structure is heavily concentrated among its key stakeholders. Eric Trump, Donald Trump Jr., and Hut 8 hold 98% of the company’s shares, according to reports. The firm is also backed by Asher Genoot, Hut 8’s CEO and executive chair of American Bitcoin, who highlighted that the integration of mining and market purchases would drive rapid, efficient Bitcoin-per-share growth [3]. The company’s partnership with Hut 8 enables it to leverage existing infrastructure without the need for large capital expenditures, which further enhances its competitive edge [4].

The timing of the listing coincided with a broader rally in Bitcoin, which reached $111,500 per coin on the day of the debut. The cryptocurrency has gained approximately 19% year to date, trading within a range of $108,000 to $123,000 over the past two months. Analysts have noted that the Nasdaq listing could accelerate institutional adoption of Bitcoin by offering a more structured and regulated investment vehicle [3]. The success of the listing also aligns with the Trump family’s broader efforts to promote cryptocurrency, including the recent launch of a token for World Liberty Financial (WLFI-USD), which is tied to the family’s broader financial interests [5].

While the firm’s forward-looking statements outline ambitious growth targets, investors are cautioned to consider the inherent risks, including Bitcoin price volatility, competition from other investment vehicles, and regulatory uncertainties. The company has disclosed potential challenges such as hash rate growth, the purchase of mining hardware, and reliance on Hut 8’s infrastructure for its operations [4]. Despite these risks, the firm’s Nasdaq debut represents a key step in legitimizing Bitcoin as a mainstream asset class. With institutional-grade exposure and a focus on efficiency, American Bitcoin may serve as a model for future blockchain-based investment platforms.

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[1] American Bitcoin debuts on Nasdaq with 80% gain following ... (https://finance.yahoo.com/news/american-bitcoin-debuts-nasdaq-gryphon-125159577.html)

[2] American Bitcoin Debuts on Nasdaq as "ABTC" (https://www.prnewswire.com/news-releases/american-bitcoin-debuts-on-nasdaq-as-abtc-302544577.html)

[3] American Bitcoin listed on the Nasdaq - Yahoo Finance (https://finance.yahoo.com/news/american-bitcoin-listed-on-the-nasdaq-141359159.html)

[4] American Bitcoin, backed by President Trump's sons, listed on ... (https://finance.yahoo.com/news/american-bitcoin-backed-by-president-trumps-sons-listed-on-the-nasdaq-141359243.html)

[5] The Trump brothers do it again: American Bitcoin listed on the ... (https://finance.yahoo.com/news/the-trump-brothers-do-it-again-american-bitcoin-listed-on-the-nasdaq-141359965.html)