Apparently, a new mining crypto firm, American Bitcoin backed by Donald Trump Jr and Eric Trump debuted on Nasdaq. The mining firm was a product of a merger with Gryphon Digital Mining  with majority of the voting power; about 80% held by Hut 8, a Bitcoin mining company in Canada while The Trumps reportedly hold approximately 20%. Though this was worth about $2.6B when the value soared before scaling back to around $1.5B by the end of the day.

I see the firm is clearly aiming for a Bitcoin mining and treasury system but could this actually help with broader Bitcoin adoption or this is just another political antics ?