The Trump family’s foray into Bitcoin mining hit the headlines on Wednesday as American Bitcoin Corp (Nasdaq: ABTC)made a dramatic debut on the stock market.
Co-founded by Eric Trump and supported by Donald Trump Jr., the company’s shares soared as much as 110% in early trading before easing back. Following an all-stock merger with Nasdaq-listed Gryphon Digital Mining, American Bitcoin closed up 14%, valuing the company at about $7.7 billion.
At the day’s high of $14.52, the brothers’ combined stake briefly reached $2.6 billion. By the close at $8.04, their holdings were worth roughly $1.5 billion. The jump underscores the growing influence of crypto ventures on high-profile family fortunes.
Trump’s Son Predicts Bitcoin Boom at Asia Conference
At the Bitcoin 2025 Asia event in Hong Kong, Eric Trump said American Bitcoin aims to become “the greatest Bitcoin company on Earth.” He predicted that the crypto would eventually reach $1 million.
“Everybody wants Bitcoin. Everybody is buying Bitcoin. That’s why I’ve always said Bitcoin is going to hit $1 million. There’s no question.”
The company mines and holds Bitcoin using roughly 6,000 computers imported from China, now affected by tariffs under his father’s trade policies. Eric’s remarks signal confidence in the market despite regulatory and operational challenges.
🚨 American Bitcoin (Nasdaq: $ABTC) Makes a Volatile Market Debut
American Bitcoin (ABTC), the mining company backed by Eric and Donald Trump Jr., made its public market debut on Wednesday following its stock-for-stock merger with Gryphon Digital Mining (GRYP).
The listing… pic.twitter.com/HtWG2j71wG
— Nico Smid (@Smidnico) September 3, 2025
Source: Nico Smid on X
American Bitcoin Corp (ABTC) Stock Price Prediction
-
Near Term (Q4 2025): Analysts expect ABTC to trade in the $7.50–$9.50 range, with volatility tied to Bitcoin spot prices and ETF flows.
-
2026 Outlook: If Bitcoin sustains its bullish trajectory, ABTC price could climb toward $12–$15, mirroring MicroStrategy-style gains.
-
Risk Factors: Stock offerings, mining costs, and political scrutiny may cap upside. A dip toward $6–$7 remains possible if Bitcoin retraces.
In short, ABTC is a high-beta proxy for Bitcoin, expect wide swings, but also outsized upside if BTC’s rally continues.
Trump Family Doubles Down on American Bitcoin
American Bitcoin has entered a $2.1 billion controlled stock offering with banks including Cantor Fitzgerald and Mizuho Securities. The funds will be used to purchase more Bitcoin and upgrade mining technology, continuing the family’s aggressive push into digital assets. The strategy mirrors that of MicroStrategy, which has built a massive market value through corporate Bitcoin holdings. Beyond mining, the family has also invested in a $2.5 billion Bitcoin purchase through Trump Media & Technology Group, two memecoins, an NFT trading card series, and the Truth Social Bitcoin ETF, signalling a rapidly growing footprint in crypto space.
WLFI Debut Marks Next Step in Trump Crypto Push
World Liberty Financial’s debut this week signals another milestone in the Trump family’s crypto ventures. The group announced in August that it would spend $1.5 billion to buy its own token through a publicly listed company. As of last year, President Trump disclosed ownership of 15.75 billion tokens, now valued at roughly $3.3 billion.
American Bitcoin’s market debut, combined with WLFI, highlights the family’s rapidly expanding digital asset empire. Despite scrutiny from ethics experts and Democratic lawmakers, investors eagerly participated, making the debut one of the most-watched of the year. From token sales to mining operations, the Trump family continues to build a sprawling and increasingly influential presence in the crypto space.
FAQs
Is ABTC publicly traded?
Yes. American Bitcoin Corp (ABTC) trades on Nasdaq following its merger with Gryphon Digital Mining.
What is aBTC crypto?
aBTC refers to American Bitcoin’s tokenized product, designed to give exposure to its mined Bitcoin reserves. It is separate from the ABTC stock.
What is American Bitcoin?
American Bitcoin Corp is a U.S.-based Bitcoin mining and holding company co-founded by Eric Trump and backed by Donald Trump Jr.
What is the American Bitcoin price?
As of debut week, ABTC stock closed at $8.04 on Nasdaq, while its intraday high reached $14.52.
What is the American Bitcoin market cap?
The company’s market capitalization currently sits at about $7.7 billion.
