American Bitcoin Soars 85% on Nasdaq Debut, Signaling Institutional Interest

American Bitcoin’s highly successful debut on the Nasdaq saw a remarkable surge of 85% intraday and an additional 16% in overall session trading. This significant increase highlights growing institutional interest in Bitcoin. Co-founded by Eric Trump and Donald Trump Jr., American Bitcoin, after merging with Gryphon Digital Mining, secured a majority stake from Hut 8. The firm has raised $220 million privately to support its ambitious public offering of up to $2.1 billion. This milestone marks an important step forward in the company’s strategic positioning.