Particle.news

Download on the App Store

American Bitcoin Jumps Again After Dominari Reveals $170 Million Stake

Hut 8 remains the controlling shareholder in the Trump‑promoted miner.

Overview

  • Dominari disclosed ownership of more than 23.2 million ABTC shares valued near $170 million, a revelation that preceded fresh gains.
  • ABTC rose about 9% on Sept. 9 and advanced further the next session, lifting its rally to roughly 50% since its Sept. 3 Nasdaq debut.
  • Dominari CEO Anthony Hayes called the listing a significant milestone and said the firm intends to support American Bitcoin’s growth strategy.
  • American Bitcoin went public via a merger with Gryphon Digital Mining that included a 5‑for‑1 reverse split, and it now trades under the ticker ABTC.
  • Even after the surge, ABTC’s market value sits just above $800 million, far below larger U.S. miners such as Marathon Digital and Riot Platforms.