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American Bitcoin, the crypto mining agency partly owned by Eric Trump and Donald Trump Jr, soared 16% on its Nasdaq debut, including about $1.5 billion to the Trump household’s wealth.
Buying and selling below the ticker ABTC, the inventory hit an intraday excessive close to $14 earlier than settling at $8.04 per share, in keeping with Yahoo Finance. After-hours shopping for pushed it up one other 5% as traders poured in.
ABTC worth chart (Supply: Yahoo Finance)
Volatility was excessive, triggering Nasdaq’s circuit breakers 5 occasions.
Following a merger with Hut 8’s mining arm that led to the itemizing, American Bitcoin is now valued at about $7.3 billion. The Trump brothers’ 20% stake interprets to about $1.46 billion in paper wealth, additional boosting the Trump household’s quickly increasing crypto empire.
Bitcoin “Floodgates” Are Opening, Eric Trump Says
In an interview with Bloomberg, American Bitcoin’s co-founder and technique chief, Eric Trump, stated that the Bitcoin “floodgates are simply beginning to open,” including that now could be “form of the proper time” for the crypto mining agency to go public.
When requested what differentiates American Bitcoin from its opponents, Eric Trump stated that they’re presently mining Bitcoin at roughly fifty cents on the greenback to the precise worth of BTC, including that they’re mining “lots of it” as nicely.
“We’ve received a whole lot of thousands and thousands of {dollars} of exhausting property, information facilities behind us,” he added. This, he stated, permits the corporate to form of dollar-cost common the BTC that American Bitcoin provides to its stability sheet, giving the corporate “an unbelievable benefit,’ in keeping with Eric Trump.
That’s after American Bitcoin merged with Hut 8’s mining arm in March this 12 months. With this merger, Hut 8 is almost all shareholder with an 80% stake. Eric Trump and his brother Donald Trump Jr maintain the remaining 20%.
As a part of the deal, Hut 8 transferred practically all of its ASIC mining rigs into the brand new entity. To fast-track the brand new entity’s public itemizing, in addition they merged with the Nasdaq-listed Gryphon Digital Mining.
Trump Household’s Crypto Empire Explodes
The Trump household is concerned in a number of crypto ventures, together with the decentralized finance platform World Liberty Monetary (WLFI).
Earlier this week, the platform unlocked 20% of its token’s provide, making it tradable on main exchanges resembling Binance, KuCoin, OKX and others. By way of this token debut, the Trump household noticed their fortune develop by $5 billion on paper.
The Trumps have additionally launched two meme cash known as Official Trump (TRUMP) and Melania (MELANIA).
Trump Media and Expertise Group (TMTG) has additionally made a sequence of crypto strikes. These embody buying massive quantities of Bitcoin and BTC choices.
TMTG lately entered right into a partnership cope with Crypto.com as nicely, which is able to see the trade’s CRO token develop into a fee methodology on Trump’s social platform, Fact Social.
We’re excited to share that https://t.co/vCNztATkNg and Trump Media have partnered to make $CRO a utility token of the Fact Social platform. In-line with the partnership, Trump Media will buy roughly $105 million in $CRO for its stability sheet (685,427,004 CRO).… pic.twitter.com/dimycI44yZ
— Crypto.com (@cryptocom) August 26, 2025
By way of that partnership, the businesses may also launch a $6.4 billion digital asset treasury initiative.
The Trump household has expressed plans to launch “Made in America” ETFs (exchange-traded funds) as nicely.
Extra lately, Eric Trump acquired a stake in Polymarket by means of his enterprise capital agency. He’s additionally on the board of advisors for Metaplanet, which is presently the biggest Asia-based Bitcoin Treasury agency with 20,000 BTC on its stability sheet, information from Bitcoin Treasuries exhibits.
High 20 Bitcoin treasury corporations globally (Supply: Bitcoin Treasuries)
By way of their numerous crypto ventures, the Trumps have amassed a fortune.
From the TRUMP meme coin, which two Trump-owned corporations managed 80% of the provision, the household generated an estimated revenue of round $350 million by means of the token when it debuted available in the market.
An evaluation by the New Yorker means that the household profited $385 million from the meme coin, however these figures are disputed.
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