Trump-Backed American Bitcoin Goes Public in Big Nasdaq Launch

American Bitcoin, a mining and treasury firm led by the Trump brothers, made its public debut with a bang. After its merger with Gryphon Digital Mining, the stock almost doubled within the first hour. That sudden spike triggered a series of trading halts before the price finally cooled off, ending the day around sixteen percent.. The post Trump-Backed American Bitcoin Goes Public in Big Nasdaq Launch appeared first on 99Bitcoins.

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Sep 4, 2025 - 17:00

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Trump-Backed American Bitcoin Goes Public in Big Nasdaq Launch

American Bitcoin, a mining and treasury firm led by the Trump brothers, made its public debut with a bang. After its merger with Gryphon Digital Mining, the stock almost doubled within the first hour. That sudden spike triggered a series of trading halts before the price finally cooled off, ending the day around sixteen percent higher than where it started.

The Company Aims to Raise $2.1 Billion

Right after that busy debut, American Bitcoin moved to raise $2.1 billion through new share offerings. The plan is to use that money to grow its mining business, buy more Bitcoin, and fuel general expansion. It is a bold move for a company that just hit the public markets, and one that clearly signals it is not playing small.