TechFlow news, September 4 — According to TheBlock, American Bitcoin (ticker: ABTC), a Bitcoin company backed by U.S. President Trump's son, had a strong debut on Nasdaq, rising nearly 17% to $8.04 and reaching a high of $14 during the day. Trading volume exceeded 29 million shares on its first day.
American Bitcoin was co-founded by Eric Trump and primarily engages in Bitcoin mining and holding. Established in March this year, the company is currently 80% owned by Hut 8 and 20% by American Data Centers, which is supported by the Trump family. Eric Trump serves as Chief Strategy Officer, and his stake is now valued at over $500 million.




