Trump Family’s Crypto Empire soars with Nasdaq Debut of American Bitcoin

The Trump family saw a surge in wealth following the recent Nasdaq debut of American Bitcoin, a crypto mining firm partly owned by Eric and Donald Trump Jr. The stock soared 16% on its first day of trading, adding roughly $1.5 billion to the family’s overall fortune. Its trading under the ticker ABTC led to volatility on the Nasdaq, triggering circuit breakers five times during intraday trading. The company currently has a valuation of about $7.3 billion following a merger with Hut 8’s mining arm, granting them a 20% stake worth approximately $1.46 billion. 100 million USD in hard assets and data centers drive this advantage.