American Bitcoin, Backed By Trump, Ends Nasdaq Debut Up 17%
September 5, 2025 · 12:00 PM
American Bitcoin, a mining company linked to Donald Trump's sons, Eric and Donald Trump Jr., debuted on the Nasdaq with significant volatility, ultimately closing 16.75% higher at just over $8. After-hours trading pushed the stock up to $8.50. The company, formed from a merger with Gryphon Digital Mining, experienced sharp price swings, including a peak of $13.21 before falling to $6.70. Nasdaq halted trading five times due to this volatility.
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