Trump-Backed Bitcoin Miner Soars 80% in Nasdaq Debut - CVJ.AI

04:13 04.09.2025 robbob

The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.

American Bitcoin, a mining firm backed by Eric Trump and Donald Trump Jr, surged over 80% in its Nasdaq debut before paring gains amid multiple trading halts. The company has filed to raise $2.1 billion to expand its Bitcoin holdings and mining operations. The launch reflects growing investor appetite for crypto stocks amid favorable regulatory policies.

Stock surged 83% to $13.93 at debut before settling at $9.26, still up 34%
Filed to sell $2.1B in stock to buy more Bitcoin and mining equipment
Formed via merger of Trump entities with Hut 8 and Gryphon Digital Mining

📎 Read the original article on decrypt.co

Related Tags: BitcoinDonald TrumpSEC

Other Tags: Eric Trump, Winklevoss twins, Gemini, Hut 8, Nasdaq, Trump Administration

Previous Article Ondo Finance Launches Tokenized US Stocks on Ethereum

Ondo Finance, a DeFi-focused asset manager, has introduced tokenized U.S. stocks and ETFs on Ethereum, backed by real assets held at registered U.S. broker-dealers. The initiative, called Ondo Global Markets, is restricted to non-U.S. investors but offers global access to U.S. securities with 24/7 trading capabilities. The tokens are fully collateralized and represent a significant advancement in bridging traditional finance with blockchain technology. This move follows Ondo's acquisition of Oasis Pro, which provided necessary regulatory licenses. The platform plans to expand to other blockchains including BNB Chain, Solana, and Ondo Chain, supported by major crypto wallets like Trust Wallet and Ledger.

Next Article Ethereum's Strongest August in 4 Years Driven by Whales

Ethereum experienced its strongest August performance in four years with an 18% price increase, reaching a new all-time high of $4,953. Data from Glassnode reveals that 'mega whales'—entities holding 10,000 or more ETH—were the main catalysts, accumulating 2.2 million ETH during the rally before their buying momentum leveled off. Simultaneously, mid-sized whales (1,000-10,000 ETH holders) returned to accumulation mode after weeks of distribution, adding 411,000 ETH in the past month. While the pause in mega whale activity suggests potential caution, the renewed interest from large investors indicates sustained institutional confidence in Ethereum's value proposition despite market uncertainties.

Notifications 0

There's a new post available! Refresh to see it.