American Bitcoin, backed by the Trump, shoots 100% at its output in Nasdaq

By Hannah Pérez

American Bitcoin, a Bitcoin mining company majority property of Donald Trump’s children, experienced a successful debut in the stock exchange. He announced USD $ 2 billion offer to continue building its Bitcoin reservation.

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American Bitcoin experienced a successful debut in Nasdaq, his actions doubled.
The Bitcoin mining company backed by Trump’s children also strengthens its Bitcoin reserve.
Announces offer of USD $ 2 billion to follow Bitcoins for your treasury.
The shares shot but then dropped to USD $ 9 with 35%gain.

American Bitcoina young mining company Bitcoin With a cryptocurrency treasury strategy backed by the children of President Donald Trump, he made his debut in the Nasdaq stock market this Wednesday.

The company began to quote on the United States Stock Exchange under the “abtc” ticket after its merger with Gryphon Digital Miningexperiencing an instant meteoric increase in the price of their actions and marking a milestone in the growing incursion of the Trump family in the cryptocurrency sector.

ABTC shares doubled in their first hours of negotiation, rising from an initial price of $ 6.90 to more than $ 14 before a slight reverse, according to data from Yahoo Finance.

American Bitcoin debuts with impulse

American Bitcoinwhich was founded in March this year from the combination of American Data Centers, –co -founded by Eric Trump, son of the president of the United States.–and the Canadian mining company Hut 8he had previously shared his intention to launch publicly in the United States market.

At the beginning of the year he had also indicated that his goal of becoming the miner of Bitcoin “larger and efficient in the world“The company communicated its debut this Wednesday through a press release.

“American Bitcoin embodies the values that define American force: freedom, transparency and independence“said Donald Trump Jr., shareholder of the company, in today’s statement. “With our quote in Nasdaq, we are raising this mission to the global stage, offering investors a vehicle that we believe will strengthen the US financial system. UU.

The company, which combines mining operations from Bitcoin With a corporate treasury strategy focused on accumulating that asset, he has bought until now 2,443 Bitcoinsvalued at approximately USD $ 160 million at current prices.

USD $ 2 billion to strengthen your Bitcoin reserve

Shortly after your debut, American Bitcoin presented an offer of shares at the market price to raise up to USD $ 2.1 billion, with the aim of strengthening its reserve of Bitcoin.

The company, which operates with machinery in New York, Alberta and Texas provided by Hut 8 (which has 80% of the entity), follows a hybrid model similar to that of other leading companies in the industry such as Digital Marathoncombining mining with the accumulation of Bitcoin as the main active of corporate reserve.

“With the support of public markets, we believe that American Bitcoin is now positioned to establish the standard in the accumulation of Bitcoin“, Said Asher Genoot, executive president of American Bitcoin and CEO of HUT 8 CORP.in the statement.

This strategy seeks to capitalize on the growing interest in cryptocurrencies, especially in a context of favorable regulations under the administration of Donald Trump, as noted Bloomberg.

A company owned by the Trump

The debut of American Bitcoin It occurs at a time when the Trump family intensifies its commitment to cryptocurrencies, with projects such as World Liberty Financial. This week, the Native Token of World Liberty, WLFI, landed in centralized exchanges experiencing a rapid rise that fired the fortune of the Trump family in more than USD $ 5 billion.

However, the participation of the Trump in the sector has generated criticism for possible conflicts of interest, given that former president Donald Trump, father of the founders, has promoted pro-written policies. Despite these concerns, the company insists on its mission of promoting “financial freedom” and independence against traditional financial institutions.

Bloomberg details, citing public documents, which Eric Trump, who holds the title of Director of Strategy American Bitcoinand Trump Jr. together have 98% of the newly quoted company.

Future perspectives

The exit to the bag of American Bitcoin It occurs in the middle of a career of cryptocurrency companies to become public signatures in the United States, where Circle and Bullish They have had successful debuts this year, and in the midst of a tendency to accumulate cryptocurrencies between corporations. More than 170 public companies today have some type of treasury Bitcoin.

With its quote in Nasdaq, American Bitcoin It is positioned as a key actor in the cryptocurrency market, with plans to expand its mining and treasury capacity of Bitcoin. The company expects to take advantage of the promotion of the market and the growing interest of investors in digital assets to consolidate its position as one of the main public companies focused on Bitcoin.

At the close of this edition, the actions of American Bitcoin USD $ 9.35 were negotiated, representing an increase of 35% since its opening priceaccording to Yahoo Finance.

Article written with the help of AI, edited by Diariobitcoin

Image generated with AI tool, under free use license

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