- Trump family’s latest crypto venture, American Bitcoin Corp debuted Wall Street Wednesday, with shares swinging wildly before closing higher.
American Bitcoin Stock Market Debut: A Volatile Start
American Bitcoin Corp, co-founded by Eric Trump and Donald Trump Jr., began trading on the Nasdaq after merging with Gryphon Digital Mining. The stock opened at $9.22, shot up more than 110% intraday to nearly $12, and then retreated to close at $8.04, still up 16.5% on the day. After-hours trading extended gains, pushing ABTC above $8.40.
The company wasted no time filing to sell up to $2.1 billion in stock via an at-the-market offering, a move that fueled volatility as traders weighed dilution risks against long-term growth potential.
What Is American Bitcoin’s Business Model?
ABTC positions itself as both a bitcoin miner and an accumulation vehicle, mirroring the corporate-treasury strategy made famous by MicroStrategy. The firm already holds about 2,443 bitcoin on its balance sheet, betting that rising bitcoin prices will deliver exponential returns. With Bitcoin Price hovering above $111,946, that stash gives American Bitcoin a strong headline valuation, but also exposes it to sharp swings in crypto markets.
Trump Family Ties Raise Conflict-of-Interest Questions
The Trump brand has been front and center in the company’s rollout. Between Eric Trump’s promotional efforts and Donald Trump Jr.’s stake, the family controls nearly 98% of ABTC stock alongside partners such as bitcoin miner Hut 8.
Critics, however, warn of potential conflicts of interest, given President Trump’s ongoing push to deregulate the cryptocurrency industry while his children launch high-profile ventures in the same space. Ethics groups and lawmakers argue that the overlap between policy and private profit could tilt the playing field for other crypto firms.
ABTC Chart Levels Today
- Current price: $8.04
- Resistance: $9.20, then $12.50
- Support: $7.50, then $6.90
- Intraday high: $9.60
- Intraday low: $7.81
Outlook: Boom or Bust Ahead?
For now, American Bitcoin has the Trump name, a sizable bitcoin stash, and a Nasdaq listing, a mix that guarantees attention from both Wall Street and Main Street. Yet questions linger about dilution, governance, and whether the hype can sustain real long-term value. If bitcoin’s bull run continues, ABTC could ride the wave. But if volatility bites, early investors may discover that politics and crypto can be as risky a pairing as they are powerful.
This is the part where I remind you, don’t throw in money you can’t sleep at night without. Sure, it looks shiny and full of promise, but plays like this carry as much risk as they do excitement. Think of it more like a high-stakes poker hand than a fixed deposit.
The deal is simple: Gryphon Digital Mining merged into American Bitcoin to create a bigger, publicly traded player. Think of it as a reverse SPAC, Gryphon brought the mining operations, while ABTC came with the Trump name and capital. The combined entity now trades on Nasdaq under “ABTC.”
As of the latest filings, the company holds a few thousand bitcoin, reports put the stash around 2,400 BTC. That makes ABTC one of the larger corporate treasuries in the crypto space, though still behind giants like MicroStrategy. The bet is clear: if Bitcoin keeps climbing, that treasury becomes its biggest weapon.
That depends on your stomach for risk. The stock whipsawed on day one, jumping more than 100% before settling closer to $8. Bulls argue it’s an early entry into a Trump-backed crypto play with strong name recognition. Bears point out that hype can fade fast, just like it did with the $TRUMP meme coin. For now, it’s a speculative trade, not a safe haven.
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