Arman Bitcoin Corp, which belongs to the Trump family She officially debuted on the Nasdaq Stock Exchange under the ABTC symbol. It happened after the merger of Gryphon Digital Mining and submitting an application for obtaining USD 2.1 billion. In the background, shopping continues, among others Michael Saylor’s strategy.
American Bitcoin on the stock exchange
American Bitcoin, which was founded by the sons of the current US president, Donald Trump Jr. And Eric Trump, she made her debut on the NASDAQ Stock Exchange. It happened after the merger of Gryphon Digital Mining. The company focuses mainly on digging bitcoins.
For now, however, the company has a plan to obtain up to USD 2.1 billion through the issue of shares and attracting significant interest of investors. Today, the company has 2443 bitcoins.
Thanks to our offer on Nasdaq, we transfer our mission to the global arena, giving investors a tool that in our opinion will strengthen the American financial system and help build a more resistant national economy
– Donald Trump Jr. told the media.
Fashion for bitcoin companies is just ahead of us?
The first company listed on the stock exchange, which began to aggressively buy BTC, is Strategy (formerly Microstrategy), headed by Michael Saylor. The company has been consistently allocating its capital obtained from the sale of shares for the purchase of BTC (instead of keeping it in traditional assets) since 2020 – BTC is treated as the main component of the “treasury”
The company implements the strategy to “Buy and Hold” (Buy-Anda-Hold). Bitcoin is to be a value that will bring profit in a long time, assuming that its value will grow.
Bitcoin currently costs $ 117,527. The course began to grow after yesterday’s announcement of the fed, which cut the percentage rates. by 25 pb. In addition, there are many indications that this is just the beginning of a series of cuts and we will receive two more discounts by the end of the year, which should drive further increases.
According to the valuation of the Fed Watch Tool, the market values a variant with two cuts (i.e. 50 PB) to almost 100%.
