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Trump’s American Bitcoin Trading Debut stopped 5 times in the middle of volatility

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The Nasdaq Stock Exchange has stopped trading American Bitcoin (ABTC) shares five times Wednesday as volatility is shaking the relisting stock debut.

ABTC sharing, a bitcoin (Btc) The mining company was founded by Eric Trump and Donald Trump, Jr., who climbed nearly 85%, which hit a high $ 14 per part in Intraday trading, following American Bitcoin’s Integration of stock with Gryphon Digital MiningAnother crypto mining company.

ABTC Trading first stopped at 3:09:35 UTC for 10 minutes and again at 3:20:11 UTC, with two additional stops at 3:30:54 and 3:40:12.

Bitcoin mining, stock, company
ABTC’s trade has stopped several times. Source: New York Stock Exchange (NYSE)

The latest trade stop occurred at 3:47:58 UTC; However, the trading has since been resumed, According to In the New York Stock Exchange (NYSE), and ABTC shares are currently changing hands to about $ 9.80.

American Bitcoin’s debut in a trading Frenzy reflects the growing appetite on Wall Street for digital assets firms and mining companies, as the crypto industry is aging and institutional investments in the institutional.

Bitcoin mining, stock, company
ABTC shares are advancing $ 14 a minute chart before retracing at current levels. Source: Tradingview

Related: Bullish Stock Surges 218% in Nyse Debut while crypto enters Wall Street Limelight

Crypto companies integrate with the public

American Bitcoin went public through an all-stock merger with Gryphon. The deal, revealed in late August, gave Trump’s family a faster path to US markets.

Crypto companies are increasingly returning to partnerships to reach American investors, especially through special companies’ special companies – vehicles that allow private companies to go public by integrating with existing companies that have been publicly “blank”.

These spacs do not operate businesses and exist only to find a suitable private company to combine, offering an avenue to go public without having to go through the long and expensive initial public processes of the public (IPO).

In August, Parataxis, a digital investment company in the asset, announced plans to go public by a The integration of the spac with Silverbox Corp IV. When the deal closes, the new company is listed as Parataxis Holdings (PRTX).