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Trump-backed Bitcoin mining stock jumps 9% after $170M stake

Key takeaway:  American Bitcoin Corp. (ABTC), backed by Donald Trump’s sons, rose 9% after Dominari Holdings revealed a 170Mstake.ThemineronlylistedonNasdaqearlierthismonthandhasalreadyfacedwildpriceswings.WhathappenedSharesofAmericanBitcoinCorp.(Nasdaq:ABTC)climbednearly9170M stake. The miner only listed on Nasdaq earlier this month and has already faced wild price swings. What happened Shares of American Bitcoin Corp. (Nasdaq: ABTC) climbed nearly 9% Tuesday, closing at 9.03 after touching 9.54intraday.ThemovefolloweddisclosuresthatDominariHoldings(Nasdaq:DOMH)ownsmorethan23.2millionsharesofABTC,valuedatnearly9.54 intraday. The move followed disclosures that Dominari Holdings (Nasdaq: DOMH) owns more than 23.2 million shares of ABTC, valued at nearly 170 million. ABTC ...