Bitcoin (CRYPTO: BTC) mining firm American Bitcoin Corp. (NASDAQ:ABTC) surged in its public market debut on Wednesday, resulting in billions worth of stake for Eric Trump and Donald Trump Jr.
ABTC shares are powering higher on strong volume. Get the details here.
American Bitcoin Makes An Impressive Debut
The stock more than doubled in value, reaching an intraday high of $14.52 before falling back to be slightly over $8 at the end of the session.
Based on the 908.58 million outstanding shares that American Bitcoin declared in an SEC filing, the firm finished the trading day at a valuation of $7.30 billion.
Eric Trump, listed as the company co-founder and chief strategy officer, and his elder brother Donald Trump Jr., own …