Trump-linked mining and treasury firm enters public markets with bold expansion plans
American Bitcoin (ABTC) made a striking debut on the Nasdaq this week, soaring nearly 60% on its first day of trading after completing a merger with Gryphon Digital Mining. The company, backed by Donald Trump Jr. and Eric Trump, has also filed plans for an at-the-market share sale worth up to $2.1 billion, signaling aggressive growth ambitions.
A hybrid mining and treasury model
Unlike traditional mining firms, American Bitcoin combines Bitcoin mining operations with a corporate treasury strategy centered on accumulating the cryptocurrency. At the time of the merger, the company reported holdings of 2,443 Bitcoin, valued at around $160 million at current prices.
Market analysts view this model as a way to balance short-term mining revenues with long-term appreciation of digital assets. “Mining combined with strategic Bitcoin reserves creates a dual advantage — generating immediate income while building a treasury that benefits from market cycles,” noted one industry strategist.
Strong early momentum
Shares of ABTC opened at $6.90 but surged to $11 within hours, reflecting strong investor appetite. Hut 8, a Canadian mining company, now owns an 80% stake in the entity following the merger.
“The early market response shows confidence in both the Trump brand and the hybrid business model,” explained digital assets analyst. “However, the success of this approach will depend on Bitcoin’s price trajectory and the company’s ability to scale efficiently.”
Expanding role in U.S. Bitcoin adoption
The launch comes at a time when institutional demand for Bitcoin exposure continues to grow in the United States. By pursuing a massive equity raise, American Bitcoin aims to expand mining capacity while steadily increasing its balance sheet holdings.
The $2.1 billion share sale, if fully executed, would rank among the largest capital raises in the crypto mining industry.
With its strong debut and ambitious strategy, American Bitcoin has positioned itself as one of the most closely watched Bitcoin mining firms on Wall Street.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.