American Bitcoin Soars 16% On Nasdaq Debut, Trump Family Pockets $1.5 Billion
American Bitcoin, the crypto mining firm partly owned by Eric Trump and Donald Trump Jr, soared 16% on its Nasdaq debut, adding about $1.5 billion to the Trump family’s wealth. Trading under the ticker ABTC, the stock hit an intraday high near $14 before settling at $8.04 per share, according to Yahoo Finance. After-hours buying pushed it up another 5% as investors poured in. ABTC price chart (Source: Yahoo Finance ) Volatility was high, triggering Nasdaq’s circuit breakers five times. Following a merger with Hut 8’s mining arm that led to the listing, American Bitcoin is now valued at about $7.3 billion. The Trump brothers’ 20% stake translates to about $1.46 billion in paper wealth, further boosting the Trump family’s rapidly expanding crypto empire. Bitcoin “Floodgates” Are Opening, Eric Trump Says In an interview with Bloomberg, American Bitcoin’s co-founder and strategy chief, Eric Trump, said that the Bitcoin “flood...