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ABTC On The Rise: Trump-Backed American Bitcoin Enters Nasdaq Trading
American Bitcoin, a new cryptocurrency mining venture backed by the Trump family, recently debuted on Nasdaq under the ticker symbol ABTC. This marks the family's second digital asset launch in less than a week. Eric Trump highlighted the listing as a historic milestone for integrating Bitcoin into US capital markets. He expressed ambition for the US to lead the global Bitcoin economy, aligning with President Trump's pro-crypto agenda. American Bitcoin, formed via a merger with Gryphon Digital Mining, initially traded at $6.90 per share. The stock saw a significant surge, initially climbing 90% to $14.52 in its first hour. The company plans to leverage mining capabilities and Hut 8's infrastructure for growth. This venture follows the recent launch of World Liberty Financial's WLFI token. WLFI experienced initial volatility but has stabilized and rapidly become a top cryptocurrency by market cap. The Trump family's crypto interests are expanding, including a memecoin associated with President Trump. Eric Trump has described crypto as his most rewarding venture.
