Monique Mulima
American Bitcoin stock plunged after restricted shares of the crypto miner co-founded by Eric Trump were freed up to be traded.
The selloff was swift. Shares lost more than half of their value in less than 30 minutes as the equity lockup expired, triggering repeated trading halts. The stock pared declines later in the trading session, falling 38 per cent to $US2.24 in late trade.
Shares from a private placement that took…
