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 $170M 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 $9.54 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 ...