Leading Bitcoin mining stocks surged after trading giant Jane Street disclosed significant positions in three major mining companies. The investments sparked a rally that extended through Friday, building on months of gains in the crypto mining sector. Regulatory filings revealed Jane Street now holds substantial passive stakes in Bitfarms, Cipher Mining, and Hut 8, triggering immediate stock price increases ranging from 8% to 13% on Thursday with continued momentum into Friday’s trading session.
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Trump Family’s Crypto Empire Tops $1B in Profits
The Trump family’s cryptocurrency ventures have generated over $1 billion in profits, according to Eric Trump, sparking intense political controversy and ethical concerns about conflicts of interest. Their sprawling crypto empire spans NFT trading cards, meme coins, and the World Liberty Financial project, with the Financial Times investigation confirming these massive gains that represent a substantial portion of Donald Trump’s estimated $7.1 billion net worth.
read moreBitcoin Halving Returns Diminish Despite Record Prices
Bitcoin continues to shatter price records, recently surpassing $120,000, yet new data reveals a concerning trend: post-halving returns are diminishing dramatically. While the cryptocurrency’s value has surged over 9,110-fold since 2012, the magnitude of gains following each halving event has compressed significantly, dropping from 29x returns in 2017 to just 93.1% in the current cycle despite unprecedented institutional adoption and network growth.
read moreCleanSpark Secures $100M Bitcoin-Backed Coinbase Credit Line
CleanSpark has secured a $100 million credit facility from Coinbase Prime, backed by the company’s Bitcoin holdings, signaling a strategic shift in how cryptocurrency miners are financing growth. The announcement sent shares up nearly 5% as investors welcomed the deal, which provides liquidity without forcing the sale of Bitcoin reserves during market volatility. This financing approach reflects a broader industry trend as miners navigate increasing competition, rising operational costs, and narrowing profit margins while maintaining flexibility for expansion.
read moreCleanSpark Secures $100M Bitcoin-Backed Credit Line from Coinbase
Bitcoin miner CleanSpark has secured a new $100 million credit facility from Coinbase Prime, backed by its substantial Bitcoin holdings. The financing strategy aims to fund expansion without diluting shareholder equity, positioning the company differently from peers who often rely on equity issuance. This move comes as mining operators face increasing pressure from record network difficulty, low transaction fees, and rising operational costs that are squeezing industry margins.
read moreEric Trump: Bitcoin Is ‘Modern-Day Gold’ for Hedging
Eric Trump has publicly endorsed Bitcoin as a ‘modern-day gold,’ advocating its role as a liquid store of value and hedge against traditional assets like real estate. His comments came during a CNBC appearance tied to the launch of American Bitcoin, a mining and treasury firm he helped establish. The firm, now publicly traded, combines large-scale Bitcoin mining with a strategy of holding BTC as a strategic reserve.
read moreTrump’s American Bitcoin Soars 100% on Nasdaq Debut
American Bitcoin (ABTC) began trading on Nasdaq following its merger with Gryphon Digital Mining, with shares initially surging 100% before retreating. The Trump-family-backed company holds 2,443 BTC and partners with Hut 8, which possesses 10,667 BTC. Eric Trump, co-founder and CSO, emphasized their competitive edge in mining Bitcoin at roughly 50% of its market price while outlining plans to combine mining with strategic purchases. The company also announced a $2.1 billion stock offering with Cantor Fitzgerald and Mizuho Securities to fund further Bitcoin acquisitions and mining technology expansion, positioning itself against competitors like Michael Saylor’s Strategy.
read moreTrump-Backed Bitcoin Miner ABTC Files for $2.1B Share Sale
American Bitcoin Corp (ABTC), supported by the Trump brothers, has submitted an SEC filing to raise $2.1 billion via share sales after experiencing extreme volatility in its Nasdaq debut. The stock opened at $6.90, skyrocketed to $13.20 within an hour—triggering five trading halts—before falling back to its opening price and eventually closing up 16% at $8.06. ABTC resulted from a stock-for-stock merger with Gryphon Digital Mining, creating a publicly traded Bitcoin accumulation platform. The company operates an asset-light model through a partnership with Hut 8, leveraging existing infrastructure instead of building new facilities. Eric Trump serves as chief strategy officer, while CEO Matt Prusak aims to consolidate the fragmented Bitcoin mining sector. The filing highlights broader industry trends toward mergers and scale-driven efficiency following reduced mining rewards post-halving.
read moreTrump-Backed Bitcoin Miner ABTC Surges 90% on Nasdaq Debut
American Bitcoin Corp (ABTC) launched on Nasdaq with shares initially jumping 90% to $14.52 before settling at a 40% gain around $9.21. The company, formed through an all-stock merger with Gryphon Digital Mining, represents the Trump family’s expanding crypto portfolio following their WLFI token launch earlier in the week. Eric Trump, serving as chief strategy officer, called the listing a ‘historic milestone’ in integrating Bitcoin into US capital markets. The Trump family’s crypto ventures have shown remarkable success, with World Liberty Financial quickly reaching a $6 billion market cap and becoming the 35th largest cryptocurrency. This Nasdaq debut occurs amid Bitcoin trading at $112,159, down 9% from its recent all-time high of $124,100.
read moreTrump-Backed Bitcoin Miner Soars 80% in Nasdaq Debut
American Bitcoin (ABTC) experienced a volatile Nasdaq debut, skyrocketing 83% to $13.93 shortly after opening before settling at a 34% gain. The Trump-backed firm, formed through mergers with Hut 8 and Gryphon Digital Mining, triggered seven trading halts due to extreme price volatility. Concurrently, the company filed with the SEC to sell up to $2.1 billion in stock, with proceeds earmarked for Bitcoin acquisitions and mining equipment. This IPO follows a trend of successful crypto market entries, bolstered by the Trump administration’s pro-crypto stance, which has also benefited other Trump-linked ventures like Gemini’s planned public offering.
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