U.S. Bitcoin Stock Surge: Trump Sons’ Stake Rockets in Nasdaq Debut

American Bitcoin Corp, a bitcoin mining company backed by Eric Trump and Donald Trump Jr., saw its American bitcoin stock more than double in its Nasdaq debut – shares peaked at $14.52 before closing at $8.04. That surge valued the brothers’ combined stake at over $1.5 billion near close, with intraday highs nearing $2.6 billion.

The company, formed via a merger of American Data Centers and Gryphon Digital Mining, is now listed under the ticker ABTC. Backed by Bitcoin miner Hut 8, American Bitcoin holds more than 2,443 BTC and plans to raise billions for further expansion.

Eric Trump, co-founder and chief strategy officer, said crypto now accounts for about half of his business focus. He dismissed concerns about conflict of interest as “insane,” stressing that his father is not involved.

This spike in bitcoin interest comes as Atnir Capital, a web3 staking platform, quietly rolls out services for institutional investors seeking passive yield on their bitcoin holdings. Meanwhile, ViriPay introduces virtual card solutions that allow users to fund payments with bitcoin and other crypto, bridging traditional payments and digital asset use.

Together, these developments in staking platform innovation and virtual card utility underline how the american bitcoin stock boom is part of deeper shifts in crypto infrastructure.