ABTC trading halted five times on Nasdaq during its relisting debut after shares surged roughly 85% intraday following American Bitcoin’s merger with Gryphon Digital Mining; trading later resumed with shares trading near $9.80, reflecting heightened investor demand for bitcoin mining stocks.
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Five trading halts on Nasdaq amid an ~85% intraday surge.
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American Bitcoin (ABTC) rose to $14 intraday after merging with Gryphon Digital Mining.
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Trading resumed and shares later traded around $9.80; SPAC and merger routes remain popular for crypto miners.
ABTC trading halt news: ABTC halted five times on Nasdaq after an 85% spike; read latest trading status and merger context — full market summary.
Trading of ABTC was halted five times on Wednesday amid heightened price volatility, with share pricing surging by 85% intraday.
The Nasdaq exchange halted trading of American Bitcoin (ABTC) shares five times Wednesday as volatility spiked on the stock’s relisting debut. The flurry of halts reflects intense intraday momentum after American Bitcoin completed an all-stock merger with Gryphon Digital Mining.
Shares of ABTC, a Bitcoin mining company co-founded by Eric Trump and Donald Trump, Jr., climbed nearly 85%, reaching an intraday high of $14 before retracing. Volume and rapid price moves triggered multiple circuit breaks: the first halt occurred at 3:09:35 UTC for 10 minutes, followed by halts at 3:20:11 UTC, 3:30:54 UTC, 3:40:12 UTC and a final halt at 3:47:58 UTC.
Trading of ABTC halted several times. Source: New York Stock Exchange (NYSE)
Trading has since resumed, and shares were trading about $9.80 after the intraday peak, according to exchange notices and market data. The price swing underlines Wall Street’s appetite for digital-asset miners and the volatility inherent in newly relisted or merged crypto-themed equities.
Shares of ABTC surge to $14 on the one-minute chart before retracing to current levels. Source: TradingView
What caused the ABTC trading halts?
Trading halts were triggered by rapid intraday price moves and volume surges after American Bitcoin’s merger with Gryphon Digital Mining. Market rules automatically pause trading during extreme volatility to maintain orderly markets. The relisting debut amplified retail and institutional interest, producing multiple circuit-breaker events.
How did the Gryphon merger affect ABTC’s debut?
The all-stock merger with Gryphon Digital Mining provided American Bitcoin a direct route to US markets, creating significant attention on the stock’s first full session. Mergers and SPAC-style combinations often concentrate buying interest on debut days, which can push shares into volatility bands that trigger exchange-imposed halts.
Why are crypto miners using mergers and SPACs to go public?
Crypto miners and digital-asset firms increasingly favor mergers and SPAC deals to accelerate access to public markets while reducing the complexity of a traditional IPO process. These routes can shorten timelines, lower upfront costs, and deliver quicker liquidity for founders and early investors.
Recent examples include several digital-asset firms announcing SPAC or merger strategies to list in US markets. Such transactions often attract speculative flows and can create volatile trading patterns around the initial post-transaction sessions.
Frequently Asked Questions
How many trading halts did ABTC experience on its relisting debut?
ABTC experienced five discrete trading halts during the session, each activated as the share price swung sharply higher amid heavy volume and speculation following the Gryphon merger.
What was the peak intraday price for ABTC and current trading level?
The intraday peak reached about $14, representing an ~85% surge from prior levels, before retracing to around $9.80 after trading resumed.
Are trading halts common for newly listed crypto mining stocks?
Yes, newly listed or recently merged crypto mining stocks can see outsized volatility on debut sessions; exchanges use halts to curb disorderly trading and ensure investor protection.
Key Takeaways
- Multiple Nasdaq halts: ABTC was halted five times during a high-volatility relisting debut.
- Sharp intraday move: Shares spiked ~85% to $14 before retracing to roughly $9.80.
- Mergers and SPACs drive activity: Faster listing routes amplify debut-day flows and risk; investors should expect volatility.
Conclusion
ABTC’s five trading halts on Nasdaq highlight the intense volatility tied to merger-based relistings and the strong market interest in bitcoin mining companies. ABTC trading halt events underscore the need for measured risk management as crypto firms enter public markets via SPACs and mergers. Follow COINOTAG for ongoing updates and official exchange notices.
By COINOTAG • Published: 2025-09-03 • Updated: 2025-09-03
