American Bitcoin Stabilizes After Trump Tie Share Drop
Update: 2025-12-03
Description
American Bitcoin, a crypto venture with Trump family ties, experienced a significant drop in share price following the expiration of a lock-up period. However, the stock stabilized on Wednesday after a pre-market rebound. The company attributed the initial sell-off to the unlocking of pre-merger shares, with the president expecting further volatility as new owners are found. Despite the sell-off, Hut Eight Corp, co-founder Eric Trump, and shareholder Donald Trump Jr. continue to hold their investments.
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