PANews reported on December 3rd that, according to Bloomberg, shares of American Bitcoin Corp., the cryptocurrency mining company co-founded by Eric Trump, plummeted by over 50% in 30 minutes on December 3rd due to a sell-off triggered by the unlocking of a private placement. The stock later recovered to close down 35% at $2.33. The company was originally spun off from Hut 8 and had already fallen more than 60% from its September high. Trump tweeted that he "will own all the shares."PANews reported on December 3rd that, according to Bloomberg, shares of American Bitcoin Corp., the cryptocurrency mining company co-founded by Eric Trump, plummeted by over 50% in 30 minutes on December 3rd due to a sell-off triggered by the unlocking of a private placement. The stock later recovered to close down 35% at $2.33. The company was originally spun off from Hut 8 and had already fallen more than 60% from its September high. Trump tweeted that he "will own all the shares."
The expiration of the lock-up period triggered a sell-off, causing the stock price of a US Bitcoin company to plummet by more than 50% in 30 minutes.
PANews reported on December 3rd that, according to Bloomberg, shares of American Bitcoin Corp., the cryptocurrency mining company co-founded by Eric Trump, plummeted by over 50% in 30 minutes on December 3rd due to a sell-off triggered by the unlocking of a private placement. The stock later recovered to close down 35% at $2.33. The company was originally spun off from Hut 8 and had already fallen more than 60% from its September high. Trump tweeted that he "will own all the shares."
Market Opportunity
Houdini Swap Price(LOCK)
$0.1106
$0.1106$0.1106
USD
Houdini Swap (LOCK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
TetherTV.vip Launches a Next-Generation Streaming Platform Earn Money Online That Rewards Viewer Engagement
New digital platform combines premium short-form entertainment with interactive rewards, redefining how audiences engage with streaming content TetherTV.vip today
Share
Techbullion2026/01/17 00:31
Stock news for investors: Groupe Dynamite reports strong Q4, adjusts 2025 outlook
Groupe Dynamite lifts 2025 guidance, Lululemon hits high-end Q4 outlook, and Kinross Gold starts $1.4B in U.S. growth projects. The post Stock news for investors
Share
Moneysense2026/01/16 17:58
Will XRP Price Increase In September 2025?
Ripple XRP is a cryptocurrency that primarily focuses on building a decentralised payments network to facilitate low-cost and cross-border transactions. It’s a native digital currency of the Ripple network, which works as a blockchain called the XRP Ledger (XRPL). It utilised a shared, distributed ledger to track account balances and transactions. What Do XRP Charts Reveal? […]
Share
Tronweekly2025/09/18 00:00