Key Notes

Trump-backed mining company ABTC soared 72% in debut trading after completing merger with Gryphon Digital Mining.

Company accumulated massive Bitcoin treasury of 2,443 BTC worth $273M, up dramatically from initial 152 BTC holdings.

ABTC plans $2.1B stock offering to fund aggressive Bitcoin acquisition strategy and next-generation mining operations.

American Bitcoin Corporation , backed by President Trump’s sons and mining firm Hut 8 , debuted on Nasdaq on Wednesday under the ticker ABTC following a merger with Gryphon Digital Mining.

The company disclosed in a September 3 SEC filing that it holds 2,443 BTC at the start of the month, valued at nearly $273 million, a sharp increase from its first disclosure of 152 BTC. Related article: US Bancorp to offer Bitcoin Custod

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