ABTC On The Rise: Trump-Backed American Bitcoin Enters Nasdaq Trading
American Bitcoin, a new cryptocurrency mining venture supported by Eric and Donald Trump Jr., made its debut on Nasdaq on Wednesday under the ticker symbol “ABTC.” This launch marks the Trump family’s second digital asset debut in less than a week, following World Liberty Financial’s WLFI token launch on crypto exchanges on Monday. American Bitcoin Shares Jump 90% In a press release, Eric Trump, co-founder and chief strategy officer of American Bitcoin, described the listing as a “historic milestone,” emphasizing the company’s mission to integrate Bitcoin....
Related News
What to Know: Trump-backed American Bitcoin ($ABTC) surged 11% after adding 1,414 $BTC ($163M) to its treasury, bringing total holdings to roughly 3,865 $BTC worth $446M. The company, backed by Donald Trump Jr. and Eric Trump, uses a novel Satoshis per Share (SPS) metric to show investors exactly how much $BTC backs each share. Among the best altcoins to watch in this rotation are Bitcoin Hyper ($HYPER), a Bitcoin Layer-2; PepeNode ($PEPENODE), a mine-to-earn meme project; and World Liberty Financial ($WLFI), the Trump-themed DeFi ecosystem. The Trump family has made another bold move in....
According to interviews with Eric Trump and ABTC Executive Chairman Asher Genoot, American Bitcoin (ABTC) has structured its business around one clear aim: add more Bitcoin to its balance sheet. Related Reading: Bitcoin Trail Ends: $29M Seized After European Authorities Shut Down Cryptomixer The firm says it spends less on big management teams and more on mining and buying Bitcoin so each share holds more Bitcoin over time. That metric — Bitcoin per share — is tracked in the same way public companies track earnings per share, the executives said. American Bitcoin Tracks Bitcoin Per Share....
American Bitcoin, partially owned by Eric Trump and Donald Trump Jr, targets a September public debut on the Nasdaq, according to Hut 8 CEO, Asher Genoot. The announcement came from an interview with Reuters during the Bitcoin Asia conference in Hong Kong, with Genoot stating that Hut 8, Eric, and his brother Donald will own 98% of the entity. The new company will retain the name of American Bitcoin and trade with the ticker ABTC. According to Genoot, the Trump brothers found it more advantageous to create and list the company, rather than go for a public IPO, which would give it access to....
American Bitcoin, a mining company tied to US President Donald Trump’s sons Eric and Donald Trump Jr., wrapped up its first day of trading on the Nasdaq with sharp swings but still managed to finish 16.75% higher at just over $8. After-hours trading pushed the stock up another 6% to $8.50, reports confirmed. Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally Wild Price Swings On First Day Trading opened with a rush. The newly rebranded company, formed through a merger with Gryphon Digital Mining (GRYP), jumped as high as $13.21 from Gryphon’s previous close of....
Bitcoin’s trajectory is becoming a central theme in the first family’s business interests, with Eric Trump explaining why he believes the market is setting up for a dramatic surge. His comments, made in a YouTube interview with Grant Cardone, offered a rare look into how American Bitcoin Corp (ABTC) approaches the crypto industry and why […]