Trump family-owned American Bitcoin's stock price rose 110% on its first day of listing, with a total market capitalization of 7.7 billion USD.

A Bitcoin mining company American Bitcoin, co-founded and supported by Donald Trump's two sons, went public on Nasdaq after merging with Gryphon Digital Mining, with the stock price soaring 110% at one point on the first day, closing up 14%. This listing brought its market capitalization to approximately $7.7 billion, and the Trump brothers' holdings were valued at as much as $2.6 billion at one point. This successful listing marks an expansion of the Trump family's footprint in the encryption realm, having previously invested in Bitcoin, NFT, Meme coins, and the Truth Social Bitcoin ETF.

Stock prices surge: Trump brothers' wealth skyrockets

American Bitcoin Corporation was co-founded by Eric Trump with support from Donald Trump Jr. The company officially went public on Wednesday after completing an all-stock merger with the Nasdaq-listed Gryphon Digital Mining. Although the stock price soared by 110% during early trading and then pulled back, it ultimately closed up 14%, with a total market capitalization of approximately $7.7 billion, and the stock's first-day trading volume exceeded 29 million shares. At the peak of the stock price, the value of the shares held by the Trump brothers reached $2.6 billion, stabilizing at around $1.5 billion at closing.

Eric Trump predicts Bitcoin will reach 1 million dollars

Eric Trump stated that American Bitcoin aims to create "the greatest Bitcoin company on Earth" and is committed to holding and mining Bitcoin. At the recent Bitcoin 2025 Asia Conference held in Hong Kong, he told the audience that "everyone wants Bitcoin" and boldly predicted that Bitcoin will eventually reach $1 million, calling it "without a doubt." The company currently operates about 6,000 mining devices, which are subject to import tariffs due to his father's trade policies.

On September 3, Donald Trump Jr., the son of Trump, posted that he is proud to see American Bitcoin listed, putting the United States in the leading position in the encryption field. The mission of American Bitcoin is to create the largest Bitcoin reserve in the United States. Shareholders win, America wins. The new era of American Bitcoin starts now.

Imitating Strategy: Building a Bitcoin Giant for Enterprises

The development strategy of American Bitcoin is similar to Strategy, aiming to raise funds by issuing stocks to purchase more Bitcoin and upgrade mining technology. The company has reached a $2.1 billion stock issuance agreement with several investment banks, including Cantor Fitzgerald. It was formerly known as American Data Centers and was renamed after forming a joint venture with Hut 8 in March of this year.

Trump family crypto landscape expands again

The successful listing of American Bitcoin further solidifies the Trump family's influence in the Crypto Assets space. Previously, Trump Media & Technology Group raised $2.5 billion in May to purchase Bitcoin. Their portfolio also includes a range of NFT trading cards, two meme coins, and the Truth Social Bitcoin ETF. In addition, another Trump-related company, World Liberty Financial (WLFI), began trading its tokens this week, with the family's held tokens now valued at $3.3 billion.

Controversy continues, yet investors still flock to it

American Bitcoin, founded in March of this year, was co-founded by Eric Trump and supported by Donald Trump Jr. (the eldest son). It is a Crypto Assets mining and holding company. In June, American Bitcoin raised $220 million through a private placement of 11 million new shares. Hut 8 holds 80% of its shares, while the remaining 20% is controlled by American Data Centers, supported by the Trump brothers. Eric Trump serves as the company's Chief Strategy Officer.

Despite the criticism from Democratic lawmakers and ethics experts regarding the Trump family's investments in the Crypto Assets space, the strong debut performance of American Bitcoin has proven investors' enthusiasm. The stock has become one of the most watched IPOs this year, and its performance has further strengthened the family's influence in the digital assets industry.

Conclusion

The successful listing of American Bitcoin has not only brought enormous paper wealth to the Trump family but also marks the rapid rise of a cryptocurrency empire led by political figures. The surge in stock prices triggered by this listing reflects the market's continued optimism towards the corporate model of holding Bitcoin, and it also proves the Trump family's strong appeal in the capital markets. However, their aggressive investment strategy and its association with the family's political background may also lead to more controversies in the future.