Trump-Backed ‘American Bitcoin’ IPO Soars 110%, Valuation Hits $7B

“American Bitcoin,” a Trump-family–backed mining and treasury company, skyrocketed 110% on its Nasdaq debut, reaching a $7 billion market valuation.

The highly anticipated debut of American Bitcoin, a crypto-mining and treasury management firm supported by the Trump family, has shaken Wall Street with a remarkable 110% surge on its first day of trading on Nasdaq. The explosive rally propelled the company’s market capitalization to $7 billion, signaling both strong investor appetite and a wave of skepticism over its lofty valuation.

According to the listing documents, American Bitcoin currently holds 2,443 BTC in its treasury reserves, an asset base that anchors its long-term growth narrative. The firm also announced a bold $2.1 billion capital-raising plan designed to expand operations, scale its mining capacity, and reinforce its role as a key U.S.-based Bitcoin reserve player.

While the IPO’s initial performance stunned market watchers, it has also reignited a debate over the balance of political backing, hype, and fundamentals. The Trump family’s endorsement of the company added a layer of political intrigue, given the former president’s continued push for policies aimed at strengthening the U.S. role in the global digital asset market.

Despite the euphoric first-day gains, critics have raised concerns about sustainability. Analysts note that American Bitcoin’s valuation is disproportionately high compared to industry peers with similar Bitcoin holdings and operational scale. Some argue that political branding and speculative fervor are driving the price far more than business fundamentals.

Even so, the firm’s strategic positioning as both a mining operator and a corporate Bitcoin treasury is attracting institutional interest. With U.S. regulations shifting under the GENIUS Act and growing corporate adoption of Bitcoin, the launch of American Bitcoin is viewed as a symbolic moment in the merging of politics, finance, and digital assets.

Whether this IPO marks the start of a durable trend—or simply another hype-driven frenzy—remains to be seen. For now, the debut has solidified American Bitcoin as one of the most closely watched companies at the intersection of crypto and politics.

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