American Bitcoin, a crypto mining company linked to the Trump family, concluded its first day on the Nasdaq stock exchange with a 16% gain after a volatile trading experience. The firm, supported by Eric and Donald Trump Jr., emerged from a merger with Gryphon Digital Mining. Initial trading saw its stock surge by 91%, but it faced significant fluctuations, resulting in multiple trading halts. Despite these swings, it finished at $8.45, marking an increase of over 5% in after-hours trading. Eric Trump emphasized that the company plans to both mine and acquire Bitcoin, prioritizing strategies that enhance shareholder value. Additionally, American Bitcoin represents the Trump family's second public venture in cryptocurrency this week, following the launch of World Liberty Financial tokens. The firm currently holds 2,443 Bitcoin, valued at $273 million, and is exploring the expanding crypto market, citing evolving consumer acceptance as a driving force for their business.

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