American Bitcoin, a mining firm supported by the Trump family, began publicly trading on the Nasdaq today. Its stock price briefly jumped 60% but retained very high gains.
The firm plans to pursue a digital asset treasury (DAT) strategy, producing its own BTC to prevent shareholder dilution.
American Bitcoin and the Trumps
Trump’s crypto empire has been heavily diversifying over recent months, backing American Bitcoin Corp, a new crypto mining operation in March.
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After the firm, which is based on a Hut 8 partnership, received a huge funding deal, the community has been hotly anticipating its Nasdaq listing.
This stock is now live, and it’s off to a hot start with a 60% price spike. This early peak quickly diminished somewhat, but it’s still holding strong at gains over 40%:
Both of President Trump’s most crypto-connected sons, Eric and Don Junior, have heavily promoted the American Bitcoin listing. The firm has been incubating these plans, including a merger with Gryphon Digital Mining, for several months, but the Trumps are clearly treating this as a major new era.
Accordingly, some new public statements have gi
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Author: Landon Manning
