American Bitcoin, a Bitcoin and cash mines company supported by the sons of President Trump Eric and Donald Jr., registered the Nasdaq Wednesday morning under the symbol of the ABTC ticker.
This is the second registration for the crypto for the Trump brothers this week.
“Our beginnings at the NASDAQ mark a historic stage in the introduction of Bitcoin in the heart of the capital markets and to advance our mission to make America the undisputed leader in the global Bitcoin economy,” said Eric Trump, co-founder and director of the American Bitcoin strategy, in a press release statement.
Launched for the first time as a subsidiary of the Bitcoin operating company listed in Bitcoin Hut 8 (HUT), American Bitcoin began to negotiate $ 6.90 per share thanks to an All-Stock fusion with Gryphon Digital Mining (GRYP)
The American shareholders of Bitcoin, including Eric Trump, his brother Donald Trump Jr., and Hut 8, hold 98% of the company.
Find out more: Can you buy crypto with a credit card? See the advantages and disadvantages.
“By combining Bitcoin exploitation, opportunistic market purchases and energy support and digital infrastructure of HUT 8, we have created a vehicle designed to drive a rapid and efficient growth of Bitcoin by Share,” said American executive president Bitcoin and Hut 8, Asher Genot, in a press release.
Bitcoin (BTC-USD) increased on Wednesday morning to $ 111,500 per room. It increased by 19% over a year and was negotiated between $ 108.00 and $ 123,000 for the last two months.
The list launches the second major event that the Trump brothers titled this week by bringing Crypto to the capital markets.
On Monday, the token for a cryptographic company called World Liberty Financial (WLFI-USD), which has links with Donald Trump’s family, listed on crypto exchanges.
The price of the token increased and then came across major cryptography exchanges, a fairly common reaction for small and more recent cryptographic tokens. It is around 1% compared to its initial registration price and is currently the 27th largest cryptocurrency by market capitalization, according to CoinmarketCap.
The Trump family, including the president, controls a little less than a quarter of all the Liberty global tokens (22.5 billion), the list causing major cryptography exchanges reporting more than $ 5 billion in paper gains. Trump, his sons Donald Jr. and Eric as well as Baron, were all appointed initial co-founders of the project, although the president has retired from the role once he took office, according to the World Liberty website.
The crypto is “probably the most enriching business in my life,” said Eric Trump during the weekend before a Bitcoin conference in Hong Kong.
