{"id":9737,"date":"2025-09-04T07:09:08","date_gmt":"2025-09-04T07:09:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trump-linked-american-bitcoin-stock-surges-over-90-then-dumps-on-nasdaq-debut\/"},"modified":"2025-09-04T07:09:22","modified_gmt":"2025-09-04T07:09:22","slug":"trump-linked-american-bitcoin-stock-surges-over-90-then-dumps-on-nasdaq-debut","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trump-linked-american-bitcoin-stock-surges-over-90-then-dumps-on-nasdaq-debut\/","title":{"rendered":"Trump-linked American Bitcoin stock surges over 90% then dumps on Nasdaq debut"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">American Bitcoin Corp. stock swang sharply on its Nasdaq debut, surging over 90% before wiping out most of its gains and closing the day up just 16.5%.<\/p>\n<div id=\"cn-block-summary-block_aadd8a8fb7d9e63d35d744ea8ffc2ab6\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>American Bitcoin stock surged to $13.20 in early trading before dropping 49% to $6.72 and closing at $8.05, up 16.5%.<\/li>\n<li>The debut gave the Trump-linked Bitcoin miner a $5B valuation, with 2,443 BTC worth $273M in reserves.<\/li>\n<li>Nasdaq halted trading five times due to sharp swings, though the stock climbed another 5% after hours.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>American Bitcoin Corp., a Bitcoin mining and accumulation company backed by Eric and Donald Trump Jr., made a volatile debut on Nasdaq, soaring 91% before plunging by half in its first trading session. The stock closed at $8.05 on Sept. 3, 2025, according to Yahoo Finance <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/ABTC\/\" target=\"_blank\">data<\/a>.<\/p>\n<h2 class=\"wp-block-heading\">American Bitcoin stock turbulent first day<\/h2>\n<p>Shares opened around $6.90, climbed to a peak of $13.20, and then dropped to $6.72 before closing at $8.05, up 16.5% on the day. After-hours trading added another 5%, lifting the stock to $8.45. Trading was halted five times due to sharp price swings. The debut valued the company at roughly $5 billion, with its 2,443 Bitcoin (BTC) treasury worth about $273 million.\u00a0<\/p>\n<p>The listing was completed through an all-stock reverse merger with Gryphon Digital Mining (Nasdaq: GRYP), a faster route than a traditional IPO. Shareholders of Gryphon approved the deal in late August, leaving Hut 8 Corp. with 80% ownership and the Trump brothers with a combined 20% stake.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Market strategy and fundraising plans<\/h2>\n<p>Following the launch, the company announced an at-the-market offering of up to $2.1 billion in Class A shares. Proceeds will go toward additional Bitcoin purchases, new ASIC mining equipment, and general operations, echoing Strategy\u2019s treasury strategy of pairing business operations with Bitcoin accumulation.<\/p>\n<p>Eric Trump called the listing a \u201chistoric milestone\u201d for integrating Bitcoin into U.S. capital markets, while Hut 8 CEO Asher Genoot described American Bitcoin as setting \u201cthe standard in Bitcoin accumulation.\u201d <\/p>\n<p>The firm positions itself as an institutional-grade vehicle for Bitcoin exposure, leveraging Hut 8\u2019s infrastructure for mining and market purchases to maximize Bitcoin per share.<\/p>\n<p>The debut also follows the launch of the Trump-linked World Liberty Financial (WLFI) token on Sept. 1. WLFI, which cleared $3.1 billion in trading volume in its first 24 hours,\u00a0has since dropped about 35% from its $0.31 launch price.<\/p>\n<h2 class=\"wp-block-heading\">Political ties and criticism<\/h2>\n<p>American Bitcoin\u2019s launch comes at a time of increased political attention on crypto. President Trump has championed pro-Bitcoin policies, including the March 2025 plan to create a Strategic Bitcoin Reserve. Critics, however, have raised conflict-of-interest concerns. <\/p>\n<p>Sen. Elizabeth Warren and other Democrats argue that ventures linked to the Trump family could benefit from favorable regulatory treatment, especially after the administration paused several SEC crypto probes.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>American Bitcoin Corp. stock swang sharply on its Nasdaq debut, surging over 90% before wiping out most of its gains and closing the day up just 16.5%. Summary American Bitcoin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9737"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9737\/revisions"}],"predecessor-version":[{"id":9738,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9737\/revisions\/9738"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8755"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}