BlockBeats News, December 3rd, according to Bloomberg, the stock of American Bitcoin Corp., a cryptocurrency mining company co-founded by Eric Trump, plummeted on Tuesday due to a lock-up period expiration. After the market opened, the company’s stock price dropped over 50% in less than 30 minutes, triggering multiple circuit breakers.
By 2:30 PM New York time, the price decline narrowed, closing at $2.33, a 35% decrease from the previous trading day. The company had previously participated in the Nasdaq opening bell ceremony on September 16th.
