American Bitcoin’s Nasdaq debut was volatile but closed higher: the Trump-backed miner opened via a Gryphon Digital Mining merger, spiked ~91% intraday, faced multiple trading halts and finished the session roughly 16.5% up, underscoring high retail and institutional interest in BTC mining plays.
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Nasdaq debut: up ~16.5% at close after intraday 91% spike and multiple halts
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Company holds 2,443 BTC (~$273M at $111,850 per BTC) and will both mine and buy Bitcoin
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Volume and volatility driven by Trump family backing and crypto policy momentum; Chainalysis adoption data cited
American Bitcoin Nasdaq debut: volatile, closed +16.5% after 91% intraday spike; read the full trading summary and holdings. Learn more now.
The Eric and Donald Trump Jr.-backed American Bitcoin finished trading at a gain on Wednesday after a turbulent first day on the Nasdaq.
American Bitcoin, a crypto mining company linked to the Trump family, ended its choppy first day on the Nasdaq up over 16%, adding millions to the US first family’s disclosed net worth.
The company, backed by President Donald Trump’s sons Eric and Donald Trump Jr., completed its public listing via a merger with Gryphon Digital Mining (GRYP).
In early trading on Wednesday, American Bitcoin (ABTC) surged roughly 91% from Gryphon’s prior close of $6.90 to a peak near $13.20, then retraced to an afternoon low near $6.72 amid volatile order flow.
The Nasdaq halted trading in ABTC five times during the session for volatility controls. The stock closed the day up 16.52% at just over $8, and traded higher in after-hours to $8.45.
American Bitcoin, formerly Gryphon Digital Mining, saw significant price swings on its debut trading day. Source: Google Finance
What happened during American Bitcoin’s Nasdaq debut?
American Bitcoin’s Nasdaq debut combined extreme intraday volatility with a final positive close. The merged company experienced multiple exchange halts after an initial surge, highlighting strong early trading interest and headline-driven retail activity.
How many bitcoins does American Bitcoin hold and what is the strategy?
The company reports ownership of 2,443 BTC, ranking it around 25th among public companies by holdings. At the cited BTC price (~$111,850), that stash equals about $273 million.
Management has outlined a dual strategy: actively mining Bitcoin and opportunistically purchasing BTC to optimize shareholder value and treasury balance. Eric Trump stated the company will “switch between strategies” depending on market conditions.
Why did trading show extreme volatility?
Volatility stemmed from three factors: high retail interest in a Trump-backed entity, low initial float after the merger, and the broader macro crypto narrative that amplified order imbalance. Chainalysis adoption metrics and on-chain attention elevated headlines and trading volume.
What regulatory and governance notes should readers consider?
Investors should note founder ties and related-party disclosures. Eric and Donald Trump Jr. are public-facing backers; filings and disclosures should be reviewed for potential conflicts and governance provisions. Traditional outlets that covered the story include Bloomberg and industry data from Chainalysis and CoinGecko (mentioned as plain text).
Frequently Asked Questions
How did Nasdaq respond to the volatility during the debut?
Nasdaq implemented five trading halts for American Bitcoin during the session to allow orderly trading and cooldown after rapid price moves. Halts indicate exchange volatility safeguards in action.
Is American Bitcoin focused only on mining?
No. Management confirmed a hybrid approach: the firm will both mine Bitcoin and buy BTC when it enhances treasury value or shareholder returns.
Key Takeaways
- Debut volatility: Multiple trading halts, intraday 91% spike, closed +16.5%.
- Material BTC holdings: 2,443 BTC (~$273M at cited price).
- Dual strategy: Company will mine and purchase BTC based on market and shareholder value priorities.
Conclusion
American Bitcoin’s Nasdaq debut demonstrated how headline-driven demand and concentrated supply can create sharp intraday moves. The Trump-backed miner now sits among public companies with meaningful Bitcoin holdings and a hybrid operating strategy. Monitor filings, disclosed BTC reserves and trading volumes for ongoing signals about shareholder value and execution.
