Overview

• ABTC opened around $6.90, spiked to as high as $14.52 with multiple trading halts, and closed at $8.04, up 16.5% from the reference price.
• An SEC filing outlines plans to sell up to $2.1 billion in shares to fund additional bitcoin purchases and mining equipment.
• The company reached public markets via a stock-for-stock merger with Gryphon Digital Mining and now trades under the ticker ABTC.
• Hut 8 holds roughly 80% of the company, while Trump-linked and other early shareholders collectively control about 98% of the stock.
• American Bitcoin pursues a dual strategy of self-mining and opportunistic market buys, leveraging Hut 8 colocation to scale while drawing fresh ethics scrutiny of the family’s expanding crypto ventures.