Trump-Link American Bitcoin Soars 60%, target $ 2.1b Share sale after NASDAQ debut
American Bitcoin (ABTC), a new public mining of Bitcoin and Treasury supported by Donald Trump Jr. and Eric Trump, opened for trade Wednesday morning after completing its integration with GRYPHON Digital Mining (GRYP).
Wasting a little time, the The company filed For an at-the-market equity increase of up to $ 2.1 billion which continues the formation of Bitcoin (BTC) holders (which holds 2,443 coins at the time of integration).
Shares have a 60% up to $ 11 compared to the $ 6.90 price at the time of joining Tuesday night.
The latest chapter in the rapid formation of American Bitcoin, which began in March through a combination of Trump’s American data centers and the Canada mining firm Hut 8 (Cube). Hut 8 now holds an 80% stake of owner of the newly listed creature.
American Bitcoin’s business combines Bitcoin mining with a corporate treasury strategy centered on accumulating ownership. Ever since it started earlier this year, the company gathered 2,443 Bitcoin, worth about $ 160 million at current prices. This Hybrid model-mining Bitcoin while holding it as a sheet of balanced-glass-glass techniques used by other high-profile mining companies such as marathon digital.
