American Bitcoin, a cryptocurrency firm backed by Donald Trump’s sons, made its much-anticipated debut on Nasdaq under the ticker symbol ABTC, achieving a valuation of $5 billion. The stock surged 92% on its first day, despite experiencing multiple trading halts due to extreme volatility. Eric Trump, now a billionaire thanks to his stake in the company, hailed the launch as a significant victory. The firm, which emerged from a merger with Gryphon Digital Mining, showcased its strategy to capitalize on bitcoin accumulation and mining. As the Trumps continue to invest heavily in the cryptocurrency space, American Bitcoin aims to attract institutional investors and further establish its presence in the competitive crypto market.