Trump-Backed American Bitcoin Soars 16% in Explosive Nasdaq Debut

Wall Street gets a red-white-and-blue crypto injection as politically-charged digital asset storms onto major exchange.

The Speculation Engine Ignites

Trading floors buzzed as the Trump-endorsed cryptocurrency ripped through its opening session—notching a solid 16% gain that left traditional finance veterans scratching their heads. This isn't just another altcoin; it's Bitcoin wrapped in the American flag with a presidential seal of approval.

Mainstream Meets Crypto Nationalism

The Nasdaq listing legitimizes what critics call 'patriotic pumping'—blending crypto volatility with political fervor. Suddenly your portfolio isn't just betting on blockchain technology but on electoral outcomes and cultural divides.

Because nothing says 'financial innovation' like tying your investments to political tweets and congressional hearings. The market's pricing in the MAGA premium—whether that's genius or insanity depends which cable news channel you watch.

Eric Trump says bitcoin ‘floodgates’ are opening

Eric Trump, co-founder and strategy chief, described the public launch as a milestone, stating in a Bloomberg interview:

The floodgates are just starting to open, so it’s kind of a perfect time.

He emphasized his long-term belief in Bitcoin and dismissed criticism that the company’s success is tied to his father’s policies:

My father has nothing to do with this business.

Mining and buying strategy revealed

Eric Trump explained that American bitcoin will both mine and purchase bitcoin, switching between strategies to maximize shareholder value.

The company currently owns 2,443 BTC, making it the 25th-largest holding among public companies.

At a price NEAR $111,850 per bitcoin, this represents $273 million in reserves. For up-to-date data on public company holdings, see the bitcoin treasuries tracker.

Second Trump-linked bitcoin project this week

This debut follows the listing of World Liberty Financial (WLFI) tokens, another Trump family venture, which went public earlier in the week.

While WLFI dropped 30% from its opening price, the Trump-linked company retains a significant portion of the token supply, valued at nearly $4.8 billion.

According to Bloomberg, Eric Trump’s stake in American Bitcoin is estimated at $548 million.

He commented that he feels fortunate regardless of the outcome of this business endeavor.