Trump’s Crypto Empire Expands: American Bitcoin Soars 60% on Nasdaq Debut 🚀💰

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American Bitcoin, a mining firm backed by the Trump family, made its grand entrance on the Nasdaq today, and oh boy, did it come out swinging. The stock price soared 60% before settling back down to a mere 40% gain. Not bad for a day’s work, right?

The company has big plans, folks. They’re diving headfirst into a digital asset treasury (DAT) strategy, which basically means they’ll be minting their own BTC to keep those pesky shareholders happy. No one likes a diluted share, after all. 🍵

American Bitcoin and the Trumps

The Trumps, always the busy bees, have been buzzing around the crypto scene more than ever lately. In March, they threw their weight behind American Bitcoin Corp, a shiny new crypto mining outfit. And if you think that’s a coincidence, well, you haven’t been paying attention. 🕵️‍♂️

With a hefty funding deal under its belt, the crypto community has been eagerly awaiting the Nasdaq debut. And here we are, with the stock live and kicking. A 60% spike? That’s what I call a warm welcome. 🎉

President Trump’s crypto-savvy sons, Eric and Don Junior, have been the biggest cheerleaders for American Bitcoin. They’ve been hyping it up like it’s the next big thing since sliced bread. And who can resist a good slice of crypto bread, am I right? 🍞

I have put a tremendous amount of love and energy into @AmericanBTC over the past 12 months. It is a huge honor to be listed on the @Nasdaq and begin trading today! #ABTC

– Eric Trump (@EricTrump) September 3, 2025

But what’s the real plan here? According to the latest press release, American Bitcoin isn’t just about mining. They’re going all in on the DAT strategy, giving investors a taste of the BTC action without the hassle of doing it themselves. 🏆

“With the backing of the public markets, we believe American Bitcoin is now positioned to set the standard in Bitcoin accumulation. By combining Bitcoin mining [and] opportunistic market purchases…we have created a vehicle designed to drive rapid, efficient Bitcoin-per-share growth,” claimed Asher Genoot, Executive Chairman of American Bitcoin and CEO of Hut 8 Corp.

So, in simpler terms, they’re using Hut 8 and Gryphon’s mining muscle to stack that BTC without selling off the farm. This should keep the shareholders happy and the Trumps in control. 🤝

While some BTC miners are dabbling in AI, American Bitcoin seems content to stick to its knitting-mining and accumulating BTC. No fancy distractions here, just good old-fashioned crypto wealth-building. 🛍️

Following the WLFI listing earlier this week, American Bitcoin’s public launch marks the Trumps’ second major crypto move in quick succession. The first one reportedly padded the family’s wallet by a cool $5 billion. With Nasdaq trading, expect that number to climb even higher. 💸

Now, some might raise an eyebrow at the ethics of all this, but let’s be real-it’s par for the course in the Trump universe. For now, American Bitcoin is just another shiny gem in the Trump crown. 🧦

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2025-09-03 20:23