American Bitcoin Corp (ABTC) Stock Plunges After Lock‑Up Expiry: What the Trump‑Linked Bitcoin Miner’s Crash Means for Investors
American Bitcoin Corp shares plunged up to 50% intraday on December 2, 2025, triggering repeated Nasdaq trading halts and briefly leaving the stock down nearly 80% from its September peak. The company, majority-owned by Hut 8 and co-founded by Eric Trump, reported rapid mining expansion and rising bitcoin reserves during the turmoil.