ABTC trading halted five times on Nasdaq during its relisting debut after shares surged roughly 85% intraday following American Bitcoin’s merger with Gryphon Digital Mining; trading later resumed with shares trading near $9.80, reflecting heightened investor demand for bitcoin mining stocks.
Five trading halts on Nasdaq amid an ~85% intraday surge.
American Bitcoin (ABTC) rose to $14 intraday after merging with Gryphon Digital Mining.
Trading resumed and shares later traded around $9.80; SPAC and merger routes remain popular for crypto miners.
ABTC trading halt news: ABTC halted five times on Nasdaq after an 85% spike; read latest trading status and merger context — full market summary.
Trading of ABTC was halted five times on Wednesday amid heightened price volatility, with share pricing surging by 85% intraday.
The Nasdaq exchange halted trading of American Bitcoin (ABTC) shares five times Wednesday as volatility spiked on the stock’s relisting debut. The flurry of halts reflects intense intraday momentum after American Bitcoin completed an all-stock merger with Gryphon Digital Mining.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
Shares of ABTC, a Bitcoin mining company co-founded by Eric Trump and Donald Trump, Jr., climbed nearly 85%, reaching an intraday high of $14 before retracing. Volume and rapid price moves triggered multiple circuit breaks: the first halt occurred at 3:09:35 UTC for 10 minutes, followed by halts at 3:20:11 UTC, 3:30:54 UTC, 3:40:12 UTC and a final halt at 3:47:58 UTC.
Trading of ABTC halted several times. Source: New York Stock Exchange (NYSE)
Trading has since resumed, and shares were trading about $9.80 after the intraday peak, according to exchange notices and market data. The price swing underlines Wall Street’s appetite for digital-asset miners and the volatility inherent in newly relisted or merged crypto-themed equities.
Shares of ABTC surge to $14 on the one-minute chart before retracing to current levels. Source: TradingView
What caused the ABTC trading halts?
Trading halts were triggered by rapid intraday price moves and volume surges after American Bitcoin’s merger with Gryphon Digital Mining. Market rules automatically pause trading during extreme volatility to maintain orderly markets. The relisting debut amplified retail and institutional interest, producing multiple circuit-breaker events.
How did the Gryphon merger affect ABTC’s debut?
The all-stock merger with Gryphon Digital Mining provided American Bitcoin a direct route to US markets, creating significant attention on the stock’s first full session. Mergers and SPAC-style combinations often concentrate buying interest on debut days, which can push shares into volatility bands that trigger exchange-imposed halts.
‘,
‘
🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!
‘,
‘
💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Crypto miners and digital-asset firms increasingly favor mergers and SPAC deals to accelerate access to public markets while reducing the complexity of a traditional IPO process. These routes can shorten timelines, lower upfront costs, and deliver quicker liquidity for founders and early investors.
Recent examples include several digital-asset firms announcing SPAC or merger strategies to list in US markets. Such transactions often attract speculative flows and can create volatile trading patterns around the initial post-transaction sessions.
‘
];
var adplace = document.getElementById(“ads-htx”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex;
adplace.innerHTML = adscodesHtx[adsindex];
sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexHtx”, sessperindex);
}
})();