American Bitcoin (ABTC), a crypto mining company backed by Trump’s sons, debuted on Nasdaq with a volatile start. Shares doubled to $14.65 before closing at $7.33, valuing the Trump stake at $1.5 billion. ABTC holds 2,443 bitcoins and aims to mine efficiently with a 24 EH/s capacity.

ABTC’s financials show $30.3 million revenue in Q2 2025, a profit of $3.4 million. With $205.9 million cash on hand, the company invests in mining and bitcoin purchases. Analysts rate ABTC as a “Hold,” citing competition and cost challenges in the mining industry.

ABTC’s potential lies in its rapid scaling and asset base growth. Yet, profitability hinges on cost control and high bitcoin prices. The stock, near IPO levels, reflects growth expectations. Investors should await a track record before considering ABTC for long-term investment.

Read more at Yahoo Finance: This Trump-Backed Crypto Company Just Started Trading. Should You Buy Its Shares Here?