American Bitcoin, a mining and treasury firm led by the Trump brothers, made its public debut with a bang. After its merger with Gryphon Digital Mining, the stock almost doubled within the first hour. That sudden spike triggered a series of trading halts before the price finally cooled off, ending the day around sixteen percent higher than where it started.
The Company Aims to Raise $2.1 Billion
Right after that busy debut, American Bitcoin moved to raise $2.1 billion through new share offerings. The plan is to use that money to grow its mining business, buy more Bitcoin, and fuel general expansion. It is a bold move for a company that just hit the public markets, and one that clearly signals it is not playing small.
JUST IN:
Trump's mining company American Bitcoin debuts on the NASDAQ.
They hold more than $260M Bitcoin. pic.twitter.com/1L4tMUiCSD
— Bitcoin Archive (@BTC_Archive) September 3, 2025
Trump Brothers Hold the Reins
Ownership of the company remains concentrated, and the Trump brothers still hold a firm grip, with support from mining company Hut 8. This level of control keeps the decision-making tight and the strategy focused, especially as the company grows under a national spotlight.
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Bitcoin Mining Meets Treasury Management
The main idea behind American Bitcoin is simple. Mine Bitcoin, build a reserve, and buy more when the time feels right. The company positions itself as both a producer and holder of Bitcoin, aiming to generate cash while steadily building long-term value on the balance sheet.
Political Attention Adds a Layer of Interest
Given the Trump name, the company’s rise brings more than the usual business coverage; there is also political interest. Some are watching for signs of innovation, while others are raising questions about potential conflicts. Either way, the attention is baked in, and the company is moving ahead regardless.
New Path to Public Markets
American Bitcoin did not follow the traditional IPO route. Instead, it went public through a merger with Gryphon, jumping straight into a Nasdaq listing. That gave it instant market access, along with a strong burst of visibility. The response from investors was quick and loud, showing that there is still plenty of excitement in the crypto space.
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The Pressure Is on Now
With the fundraising in motion, American Bitcoin needs to prove it can execute. The spotlight is on, the cash is coming in, and expectations are high. Markets will want to see clear results, and the team behind the company will need to deliver if it wants to keep the momentum going.
A Big Moment for Crypto and Public Markets
This debut sets the stage for a new wave of crypto-related companies trying to bridge the gap between digital assets and traditional finance. Whether this becomes a lasting model or just another moment in a volatile market depends entirely on what the company does next.
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Key Takeaways
- American Bitcoin surged on its Nasdaq debut, nearly doubling before settling 16% higher by the end of the day.
- The company plans to raise $2.1 billion through share sales to expand mining operations and grow its Bitcoin reserves.
- Led by the Trump brothers, American Bitcoin keeps decision-making tightly controlled with backing from Hut 8.
- It combines Bitcoin mining with treasury strategies, positioning itself as both a BTC producer and long-term holder.
- Political and investor attention are now locked on the company as it tries to prove itself in the public markets.
The post Trump-Backed American Bitcoin Goes Public in Big Nasdaq Launch appeared first on 99Bitcoins.
