American Bitcoin, a cryptocurrency company supported by former President Donald Trump’s sons, made a spectacular Nasdaq debut on Tuesday, with shares surging 110 percent in their first day of trading.
The rally pushed the value of the Trump family’s stake to more than 1.5 trillion dollars, instantly making it one of the most valuable political-linked holdings in the digital asset sector.
American Bitcoin positions itself as a U.S.-anchored alternative in global crypto markets, and the Trump family has promoted it as part of a push to strengthen America’s role in digital currencies. The listing comes amid intense regulatory scrutiny and volatile conditions across the crypto industry.
