Eric Trump-Linked American Bitcoin Stock Crashes 40% as Lockup Ends

Shares of American Bitcoin, the mining and accumulation firm co-founded by Eric Trump and Donald Trump Jr., tumbled sharply on Tuesday after a portion of the company’s stock was released from its lockup period. Key Takeaways: American Bitcoin shares plunged nearly 50% after newly unlocked stock hit the market following the lockup expiry. Eric Trump dismissed the selloff as expected and said he has no plans to sell his personal stake. Investor nerves remain high as ABTC is still down about 76% from it ...