Summary: American Bitcoin, Backed By Trump, Ends Nasdaq Debut Up 17%

## American Bitcoin Ignites Nasdaq with Strong Debut, Trump Ties in Focus
American Bitcoin, a cryptocurrency mining firm with direct connections to Donald Trump’s sons Eric and Donald Trump Jr., concluded its inaugural day of trading on the Nasdaq with a notable 16.75% gain, closing just over $8. This impressive debut, which saw the stock surge another 6% in after-hours trading to $8.50, positions the company as a new, high-profile player in the volatile digital asset market.
### Wild Price Swings Mark Opening Day
The company's first day as a publicly traded entity, following a merger with Gryphon Digital Mining (GRYP), was characterized by extreme volatility. Shares initially skyrocketed to $13.21, a remarkable 90% increase from Gryphon's previous closing price of $6.90. However, this early momentum quickly dissipated, sending the stock plummeting to $6.70 before a partial recovery. The intense trading activity led to five halts on the Nasdaq due to extreme price swings, underscoring the speculative nature surrounding the new listing. Despite the rollercoaster, Eric Trump's reported 7.5% stake in American Bitcoin was valued at approximately $548 million by the end of the session, linking his financial fate directly to the company's market performance.
### Dual Strategy and Political Echoes in Crypto
Eric Trump outlined American Bitcoin's operational strategy, confirming the company will both mine Bitcoin and strategically acquire it when market conditions are favorable, describing it as "switching to whichever is better at the time." The company already boasts a significant treasury of 2,443 BTC, making it the 25th largest public holder of the cryptocurrency, a stash currently worth around $275 million with Bitcoin trading above $112,000. The launch has, however, reignited discussions about the Trump family's increasing involvement in the crypto space, particularly following President Trump's more crypto-friendly stance. This venture comes on the heels of another Trump-linked crypto project, World Liberty Financial (WLFI), which has struggled since its debut, dropping 30% and continuing to decline. Despite the initial turbulence and broader scrutiny, Eric Trump remains bullish on American Bitcoin, declaring the launch "an unbelievable day" and insisting that "the floodgates are just starting to open."