In accordance with Bijié Wǎng, American Bitcoin Corp. (ABTC), a U.S.-focused Bitcoin mining and capital management company co-founded by Eric Trump and Donald Trump Jr., saw its stock price plummet by up to 50% on Tuesday. Despite a Bitcoin rebound above $91,000, ABTC continued to fall, with trading volume surging to 55 million shares, far exceeding its daily average of 3 million shares. Hut 8 (HUT), which holds 80% of ABTC shares, also dropped 12%. The crash is speculated to be linked to insider selling pressure, though SEC filings show most ABTC holders are locked out from selling until March 3, 2026. ABTC, which peaked at $14 after a reverse merger in September 2025, now trades just above $2.
Trump-Linked American Bitcoin Stock Plummets 40% Amid Surging Trading Volume
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