Shares of bitcoin miner American Bitcoin (ABTC) have dropped below its initial IPO price after falling 15% on Thursday, the day after its debut on the Nasdaq.ABTC was trading at $6.83 a share, down from its IPO price of $6.90.The company, which is 80% owned by Hut 8 and 20% by Donald Trump Jr. and Eric Trump, opened for trading on Wednesday after completing its merger with Gryphon Digital Mining (GRYP). On the same day, the company filed for an at-the-market equity raise of up to $2.1 billion, with which it plans to continue building its bitcoin holdings.Shares rose to a high of $14.65 during U.S. morning hours before falling sharply in the afternoon. Other miners, including Marathon Digital (MARA)…
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