Home
News
Details

American Bitcoin Stock Plummets 62% in a Month Amid Market Volatility

icon币界网
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
BTC
$88,255.700.04%
American Bitcoin stock tumbled 62% in a month amid market volatility. As of the report, shares traded near $1.85, down 4.90% in the last 24 hours. Despite the drop, the firm is building its Bitcoin infrastructure backbone, holding 4,783 BTC as of December 8, up 416 BTC in six days. Q3 revenue hit $64.2 million, with a net profit of $3.5 million. Analysts remain cautiously optimistic, though some question the objectivity of Roth Capital due to ties with Trump-related SPACs. Volatility continues to test investor confidence in the sector.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.