American Bitcoin Launches on Nasdaq Under Ticker ABTC with 90% Share Surge
American Bitcoin, a cryptocurrency mining venture supported by Eric and Donald Trump Jr., launched on Nasdaq under the ticker “ABTC.” This follows the recent debut of the WLFI token.
Key Highlights
- ABTC began trading at $6.90 per share after merging with Gryphon Digital Mining.
- The stock surged by 90% to $14.52 in its first hour, later stabilizing over 40% higher at $9.21.
- Eric Trump stated the listing is a milestone aimed at integrating Bitcoin into US capital markets.
- Asher Genoot emphasized growth through mining capabilities and infrastructure support from Hut 8.
- The Trump family's crypto portfolio has expanded significantly, with World Liberty Financial tokens valued at around $5 billion.
- WLFI token reached a valuation of nearly $6 billion, becoming the 35th largest cryptocurrency.
- Bitcoin is currently trading at $112,159, down 9% from its record price of $124,100.
