American Bitcoin Plunges After Share Unlock
Update: 2025-12-02
Description
American Bitcoin, a crypto mining company co-founded by Eric Trump, experienced a significant stock drop this week. Shares lost over half their value in thirty minutes after restricted shares became available for trading, triggering multiple trading halts. The companys president acknowledged anticipated near-term volatility, while Eric Trump reassured his commitment to the industry. This decline follows a broader trend, with American Bitcoins stock down over sixty percent from its September peak and Bitcoin itself falling more than twenty-five percent from its early October high. Experts suggest that future equity unlocks might lead to more cautious selling decisions.
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