A Bitcoin mining company tied to President Donald Trump through two of his sons surged in its stock market debut on Wednesday, boosting their paper wealth by more than $1.5b. Shares of American Bitcoin, co-founded by Eric Trump and backed by Donald Trump Jr, jumped as much as 110% in early trading before pulling 0 stock closed up 14% following its all-stock merger with Nasdaq-listed Gryphon Digital Mining , giving the company a market value of about $7.7 1 the peak price of $14.52, the brothers’ combined stake was briefly worth $2.6b. By the close at $8.04, their holding was valued at around $1.5b, based on 908.6m shares outstanding, according to the company’s latest 2 Bitcoin (Nasdaq: $ABTC ) Makes a Volatile Market Debut American Bitcoin (ABTC), the mining company backed by Eric and Donald Trump Jr., made its public market debut on Wednesday following its stock-for-stock merger with Gryphon Digital Mining (GRYP).
The listing… 3 — Nico Smid (@Smidnico) September 3, 2025 ‘Everybody Wants Bitcoin,’ Eric Trump Tells Asia Audience Eric Trump, who described American Bitcoin as an attempt to create “the greatest Bitcoin company on Earth,” said the venture would mine and hold the 4 the recent Bitcoin 2025 Asia conference in Hong Kong, he predicted that Bitcoin would eventually reach $1m . “Everybody wants 5 is buying Bitcoin,” he said. “That’s why I’ve always said Bitcoin is going to hit $1 million. There’s no question.” The company operates roughly 6,000 mining computers sourced from China, equipment now subject to import tariffs under his father’s trade 6 Media Raised $2.5B In May To Acquire Bitcoin American Bitcoin has entered into a $2.1b controlled stock offering with investment banks including Cantor Fitzgerald and Mizuho 7 proceeds will be used to acquire more Bitcoin and upgrade mining 8 company was previously known as American Data Centers but rebranded in March through a joint venture with miner Hut 9 strategy mirrors that of MicroStrategy, recently renamed Strategy, which pioneered the model of corporate bitcoin accumulation.
MicroStrategy’s market value has risen to about $110b on the back of its $71b Bitcoin 10 Trump family has rapidly built a sprawling crypto 11 May, Trump Media & Technology Group raised $2.5 billion to purchase 12 ventures also include a non-fungible token trading card series, two memecoins, and the Truth Social Bitcoin 13 Trading Debut Further Expands Family’s Crypto Footprint In August, World Liberty Financial, another Trump-linked group, announced plans to spend $1.5b to buy its own token through a publicly listed 14 week, WLFI began 15 the end of last year, the president disclosed ownership of 15.75b tokens, a stake now valued at about $3.3b.
American Bitcoin’s sharp debut adds to the family’s growing exposure across the digital asset 16 crypto ventures have drawn criticism from Democratic lawmakers and ethics 17 so, investors rushed into the stock on its first 18 a result, it has become one of the most closely watched debuts of the year.
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