American Bitcoin Stock ($ABTC) Collapses Over 50% as Crypto Volatility Continues Slamming Trump-Linked Ventures

American Bitcoin's stock ($ABTC), a mining and Bitcoin-treasury company co-founded by Eric Trump, collapsed by more than 50% in early trading on Tuesday, triggering multiple halts. This sharp decline occurred despite Bitcoin recovering above $91,000 after a prior dip. The stock, listed on Nasdaq, fell to an intraday low of $1.75, wiping out significant speculative gains since its September IPO via a reverse-merger. The sell-off was characterized by heavy trading volume, signaling panic selling, though insider selling is restricted until March 2026. The company's business is closely tied to Bitcoin's price, as it holds over 3,000 BTC. This downturn mirrors broader losses across other Trump-linked crypto ventures, such as WLFI and Trump Media & Technology Group, whose Bitcoin holdings have also seen significant value depreciation.

(Source：Bitcoin Magazine)