Bitcoin in hands on the background of the American flag.

Key Takeaways:

American Bitcoin (ABTC), co-founded by Eric and Donald Trump Jr., surged 85% on its Nasdaq return, triggering five trading halts.
The surge followed ABTC’s merger with Gryphon Digital Mining, using an all-stock deal to bypass a traditional IPO.
Crypto firms increasingly use SPACs and mergers for faster public market entry, signaling deeper mainstream integration.

American Bitcoin (ABTC), a Bitcoin mining company co-founded by Eric Trump and Donald Trump Jr., saw its shares halted five times on Wednesday during its return to the Nasdaq, reflecting extreme volatility on debut.

The stock surged nearly 85% intraday, touching $14 before settling near $9.80.

JUST IN: Trump family backed American #Bitcoin $ABTC goes public today on the Nasdaq with 2,443 BTC in its treasury

🔸Bitcoin 100 Ranking: 25🪜🔸 pic.twitter.com/8EjkqQ1VpQ
— BitcoinTreasuries.NET (@BTCtreasuries) September 3, 2025

The sharp swings followed ABTC’s all-stock merger with Gryphon Digital Mining, a strategy increasingly favored by crypto firms to bypass traditional IPO hurdles.

The first halt occurred at 3:09:35 UTC, with subsequent pauses triggered at regular intervals until 3:47:58 UTC.

The strong market reaction underscores growing investor appetite for digital asset companies as the sector pushes deeper into mainstream finance.

Merger strategies, including SPACs or reverse takeovers, have become popular entry points for crypto players into public markets, offering a faster, less burdensome route than IPOs.

Recent examples include Parataxis’ planned merger with SilverBox Corp IV to list as PRTX and Chamath Palihapitiya’s $250 million SPAC targeting DeFi, AI, and energy ventures.

In August, Trump Media and Technology Group also revealed a $6.4 billion SPAC deal with Crypto.com to form a Cronos treasury company, signaling how crypto-linked entities continue leveraging alternative listing paths.