American Bitcoin, a Bitcoin mining company co-founded by Eric Trump and supported by Donald Trump Jr., saw its shares surge dramatically during its stock market debut, briefly doubling the value of the Trump brothers' holdings to $2.6 billion. The firm, which operates thousands of mining computers and plans to expand mining operations and Bitcoin holdings, is part of the Trump family's expanding crypto ventures, including digital tokens and ETFs. Despite criticism from political and ethics groups, investor enthusiasm propelled the company's market valuation close to $7.7 billion, marking a significant milestone in the Trump family's growing presence in the cryptocurrency industry.
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Trump Family-Backed Bitcoin Mining Firm Experiences Significant Stock Rally, Elevating Wealth of Trump Heirs
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