In summary
- American Bitcoin backed by Trump increased more than 80% in his debut in Nasdaq before quickly losing his profits in the midst of multiple commercial stops.
- Formed through mergers with Hut 8 and Gryphon Digital Mining, the firm, backed by Eric Trump and Donald Trump JR, plans a sale of shares of $ 2.1 billion to buy more Bitcoin and Mining equipment.
- The launch follows a wave of cryptographic opi promoted by the pro-crypto policies of the Trump administration.
American Bitcoin, a new public mining and treasury company of Bitcoin backed by Eric Trump and Donald Trump JR, ran out of the door during his debut on Wall Street on Wednesday, emerging briefly before falling back to the earth.
A few minutes after debuting at the Nasdaq, the shares, ABTC, pumped from $ 7,59 to $ 13.93, a jump of more than 83%. Since then, he has thrown much of those profits, falling to $ 9.26 in writing. Even so, it has increased 34% in the day.
Along the way, the striking debut certainly caused emotion among merchants, which caused seven separate shops stop In Nasdaq, due to pricing volatility.
Just before the opening of Wednesday’s market, American Bitcoin also filed With the SEC to sell up to $ 2.1 billion in common class A. The income income will be used to buy more Bitcoin and Bitcoin mining machinery.
American bitcoin formed when the Trump brothers merged Its own commercial entity at the beginning of this year with Hut 8, a Canadian mining firm of Bitcoin. The joint company, which HUT 8 retains an 80%participation, then went to combine With Gryphon Digital Mining through a stock fusion per stock. Gryphon was already publicly negotiated.
American Bitcoin now seeks to operate as a Bitcoin treasury company that is marketed publicly and As an active Bitcoin mining operation. Currently, the company has 2,443 BTC, a sum with a value of $ 273.68 million in writing.
In recent months, digital asset companies have gone well in Wall Street debuts, largely thanks to the exceptionally permissive Regulatory environment promoted by the Trump administration with respect to cryptography.
On Tuesday, two other prominent allies of Trump, Tyler and Cameron Winklevos, presented themselves to take their exchange of cryptography, Gemini, public, with an objective assessment of $ 2.3 billion. Gemini was previously subject to a year demand on its cryptographic loan program, until the Trump administration indefinitely arrested The litigation.
Daily report Information sheet
Start every day with the main news at this time, in addition to original characteristics, a podcast, videos and more.
