Crypto Firm Linked to Trumps Sees Share Price Plummet

Company Overview - American Bitcoin Corp, co-founded by Eric Trump and Donald Trump Jr, focuses primarily on bitcoin mining [1][2] - The company spun out from Hot Eight Corp and has a significant retail investment base, contributing to its stock volatility [1][3] Market Performance - Shares of American Bitcoin Corp have declined approximately 39% recently, underperforming against bitcoin prices [1][2] - The decline in bitcoin prices this year has negatively impacted the company's revenue, which is largely dependent on holding or selling bitcoin [2][3] Investment Implications - The significant drop in share price reflects broader market trends affecting bitcoin miners, particularly those with high retail investor involvement [3]