Summary
- Reported that American Bitcoin, founded by Donald Trump Jr. and Eric Trump, closed up more than 16% on its Nasdaq debut.
- The closing price was 8 dollars, up 16.52%, and Nasdaq halted trading five times due to intraday volatility.
- In after-hours trading, it rose more than 5% further, reaching 8.45 dollars.
The Bitcoin (BTC) mining company 'American Bitcoin (ABTC)', jointly founded by President Trump's eldest son Donald Trump Jr. and his younger son Eric Trump, closed more than 16% higher on its first day of trading on Nasdaq.
On the 4th (local time), according to Cointelegraph, American Bitcoin's share price early in the session surged from the previous close of 6.90 dollars by 91% to as high as 13.20 dollars, but then fell by half to 6.72 dollars. Due to intraday volatility, Nasdaq suspended trading in American Bitcoin five times that day.
However, the closing price settled at 8 dollars, up 16.52%, and in after-hours trading it rose more than 5% to 8.45 dollars.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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