{"id":45782,"date":"2025-09-04T16:32:05","date_gmt":"2025-09-04T16:32:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45782"},"modified":"2025-09-04T16:32:05","modified_gmt":"2025-09-04T16:32:05","slug":"trump-linked-american-bitcoin-stock-falls-below-ipo-price-after-15-plunge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45782","title":{"rendered":"Trump-Linked American Bitcoin Stock Falls Below IPO Price After 15% Plunge"},"content":{"rendered":"<div>\n<p>Shares of bitcoin miner American Bitcoin (ABTC) have dropped below its initial IPO price after falling 15% on Thursday, the day after its debut on the Nasdaq.<\/p>\n<p>ABTC was trading at $6.83 a share, down from its IPO price of $6.90.<\/p>\n<p>The company, which is 80% owned by Hut 8 and 20% by Donald Trump Jr. and Eric Trump, opened for trading on Wednesday after completing its merger with Gryphon Digital Mining (GRYP). On the same day, the company <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1755953\/000121390025083737\/ea0255483-424b5_american.htm\">filed<\/a> for an at-the-market equity raise of up to $2.1 billion, with which it plans to continue building its bitcoin holdings.<\/p>\n<p>Shares rose to a high of $14.65 during U.S. morning hours before falling sharply in the afternoon. Other miners, including Marathon Digital (MARA) and Riot Platforms (RIOT), are also trading lower on the day. <\/p>\n<p>Similarly, Bitcoin (BTC) slipped 2% in the past 24 hours, moving in step with the broader crypto market, while U.S. stock indexes like the Nasdaq and S&amp;P 500 are trading higher.<\/p>\n<p>American Bitcoin, which holds about 2,443 bitcoin worth around $269 million at its current price of $110,128, pairs bitcoin mining with a treasury strategy focused on holding the asset.<\/p>\n<p>Bitcoin mining has become a brutally competitive industry where survival depends on razor-thin margins and constant adaptation. Power costs eat up half or more of the revenue from each coin mined, while relentless expansion of the network&#8217;s computing power drives up difficulty and squeezes profitability further.<\/p>\n<p>Hardware makers like Bitmain continue to flood the market with new rigs, adding pressure even when demand slows. As a result, miners must secure ultra-cheap energy, maintain efficient operations, and increasingly diversify into areas like AI computing or data centers just to stay ahead.<\/p>\n<p>By stockpiling BTC in the open market, companies can benefit when prices rise, creating a financial cushion that helps smooth out the sharp swings in revenue from mining alone.<\/p>\n<p>Bitcoin miner Marathon Digital (MARA) uses a similar strategy. Shares of the company are down 3% over the past 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of bitcoin miner American Bitcoin (ABTC) have dropped below its initial IPO price after falling 15% on Thursday, the day after its debut on the Nasdaq. ABTC was trading at $6.83 a share, down from its IPO price of $6.90. The company, which is 80% owned by Hut 8 and 20% by Donald Trump [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-45782","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45782"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45782\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}