Trump-led American Bitcoin stock price down 80% as early investors rush for exit – DL News
- Restricted shares freed for trading triggered selling that crushed the Trump-linked miner’s stock.
- The rout highlights how fragile crypto-exposed equities have become as digital asset markets stumble.
Shares in the Trump-linked crypto mining firm American Bitcoin plummeted 35% on Tuesday after early investors dumped newly unlocked stock.
The dramatic fall unfolded immediately after restricted shares from a private placement were released for public trading. The stock’s price collapsed to just below $1.80 before rebounding to $2.46.
ABTC shares are now down 80% from their record high of $9.40 set in September.
“This week may stay volatile as shares settle,” American Bitcoin president Matt Prusak said on X. “Personally, I’ve…
