Bitcoin News Today: Trump's Bitcoin Play: A Political Dynasty Dives Into Digital Gold

American Bitcoin, a Bitcoin mining and treasury company co-founded by Eric Trump and Donald Trump Jr., made its Nasdaq debut on September 3, 2025, under the ticker symbol ABTC. The company, initially launched as a subsidiary of publicly traded Bitcoin mining firm Hut 8, went public through an all-stock merger with Gryphon Digital Mining. Shares opened at $6.90 and saw a significant surge of up to 90% in the first hour of trading before settling. As of 11 am New York time, the stock was up over 40%, closing at $8.04, reflecting a 16.52% increase from the previous day’s close. Eric Trump, the company’s co-founder and chief strategy officer, highlighted the listing as a “historic milestone in bringing Bitcoin into the core of U.S. capital markets.”

The listing marks the second major crypto-related event led by the Trump brothers in the week. On Monday, World Liberty Financial (WLFI-USD), a crypto venture associated with the Trump family, listed its token on major exchanges. While the token initially experienced a price spike, it subsequently declined by approximately 5%, now ranking as the 27th largest cryptocurrency by market capitalization. The Trump family, including Donald Trump, holds a 22.5 billion token stake through a shell corporation known as DT Marks DEFI LLC. At current market values, these holdings are estimated to be worth $4.8 billion, representing one of the family’s most significant assets in the crypto space.

American Bitcoin’s business model is centered on Bitcoin accumulation through a dual strategy of self-mining and opportunistic market purchases. The company leverages Hut 8’s infrastructure and digital mining capabilities, enabling it to operate with a structural cost advantage over non-integrated competitors. By utilizing Hut 8’s existing colocation platforms and next-generation ASIC technology, American Bitcoin aims to scale its Bitcoin reserves efficiently. Asher Genoot, executive chair and CEO of Hut 8, emphasized the company’s role in creating a vehicle that drives “rapid, efficient Bitcoin-per-share growth,” aligning with the broader vision of positioning the U.S. as a global leader in the Bitcoin economy.

The Trump family’s growing exposure to Bitcoin has drawn increased scrutiny, with critics highlighting potential conflicts of interest. Virginia Canter, chief counsel for the Democracy Defenders Action group, noted the president’s influence over regulatory decisions in the crypto space could create an uneven playing field. The White House has firmly denied any such concerns, with press secretary Karoline Leavitt stating that neither the president nor his family “have ever engaged, or will ever engage, in conflicts of interest.” Meanwhile, the administration continues to support policies that align with expanding the U.S. crypto industry, including promoting innovation and reducing regulatory barriers.

Bitcoin prices have remained relatively stable in recent months, fluctuating between $108,000 and $123,000, with a year-to-date increase of 19%. The broader market’s volatility underscores the speculative nature of investments in crypto-linked equities and tokens. Analysts suggest that the performance of American Bitcoin and similar ventures will depend heavily on Bitcoin’s price trajectory and the company’s ability to execute its accumulation strategy effectively. As the Trump family continues to expand its footprint in the crypto sector, its financial interests are increasingly tied to the sector’s success.

The Trump brothers have also been involved in other crypto-related ventures, including their role as advisers to New America, a firm focused on revitalizing domestic manufacturing and strengthening supply chains. This strategic alignment reflects their broader approach to leveraging their father’s political agenda for business opportunities. With the crypto industry becoming a major player in U.S. politics—exemplified by the influence of groups like Fairshake, a super PAC backed by crypto interests—the Trump family’s involvement signals a shift toward integrating digital assets into mainstream economic and political strategy.

Source:

[1] American Bitcoin listed on the Nasdaq - Yahoo Finance (https://finance.yahoo.com/news/american-bitcoin-listed-on-the-nasdaq-141359159.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] Trump family's American Bitcoin makes stock market debut (https://www.nbcnews.com/business/business-news/trump-american-bitcoin-crypto-venture-raises-conflict-interest-alarms-rcna228837)

[4] 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)