Key Takeaways
- American Bitcoin is down 20% within 48 hours of launching on the Nasdaq stock exchange.
- The firm aims to mine and accumulate Bitcoin and establish a crypto treasury.
- The Trump family reportedly amassed an additional $5 billion following the WLFI launch.
It’s been a bumpy start for the Nasdaq debut of Trump-family-backed mining firm American Bitcoin, which has shrunk by over 20% since going public.
Now, as the race is on to accumulate the most Bitcoin, the firm looks to build its BTC mining venture out with the help of Hut 8.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.