American Bitcoin, the Trump family’s latest venture into crypto, wrapped its first day on Nasdaq up 16% despite turbulence. Shares surged 91% from Gryphon Digital Mining’s Tuesday close of $6.90 to a $13.20 peak, before collapsing to $6.72. Nasdaq halted trading five times due to volatility. By session’s end, ABTC closed just over $8, with another 5% gain after hours.
The firm emerged from a merger with Gryphon Digital Mining and reflects a trend of companies pivoting toward crypto. Co-founder Eric Trump, also the company’s strategy chief, called the listing “an unbelievable day,” crediting years of planning and Bitcoin’s global adoption. The debut added millions to the Trump family’s wealth while marking another high-profile crypto-linked listing.
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