American Bitcoin Corporation, backed by President Trump’s sons and Hut 8, debuted on Nasdaq under the ticker ABTC after a merger with Gryphon Digital Mining. The company holds 2,443 BTC worth nearly $273 million, planning to sell up to $2.1 billion in Class A common stock for Bitcoin purchases and more. ABTC shares surged 72% on Nasdaq. Co-founder Eric Trump called the listing a huge honor. American Bitcoin combines self-mining with Bitcoin purchases through Hut 8 for expansion. The company holds its reserve of 2,443 Bitcoin for balance sheet strength and stockholder value enhancement. Executive Chairman and CEO of Hut 8, Asher Genoot, positioned ABTC as a Bitcoin accumulation leader leveraging mining and infrastructure. Bitcoin traded at $111,820, with resistance at $112,865 and support at $106,795. Momentum indicators suggest a potential short-term recovery if BTC closes above $112,865. ABTC’s Nasdaq debut injects optimism, while Bitcoin’s technical structure hints at consolidation between $106,800 and $118,900. The debut of American Bitcoin on Nasdaq attracts institutional capital, benefiting multi-chain crypto storage solutions like Best Wallet. Best Wallet, a secure multi-chain storage solution, raised over $15.5 million in its presale, reflecting increased investor adoption in utility-driven crypto projects. Interested participants can visit the Best Wallet website to join the presale before the next price tier is unlocked.

Read more at Yahoo Finance: Trump-Backed American Bitcoin Reveals $273M BTC Holdings at Nasdaq Debut