American Bitcoin steadies after share lock-up expiry sparks near 40% plunge

Piaţa de capital

Dec 3 : Shares of American Bitcoin, a bitcoin miner backed by two of U.S. President Donald Trump's sons, steadied on Wednesday, a day after slumping nearly 40 per cent following the expiry of a share lock-up. The stock rose 11.2 per cent to $2.44 after the first unlock of pre-merger shares unleashed a wave of selling on Tuesday, the company said on X.com. American Bitcoin, a majority-owned subsidiary of Hut 8 Corp, is one of the several crypto ventures linked to the Trump family that began

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American Bitcoin steadies after share lock-up expiry sparks near 40% plunge https://www.channelnewsasia.com/ - 03.12.2025 17:23

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American Bitcoin steadies after share lock-up expiry sparks near 40% plunge https://www.channelnewsasia.com/ - 03.12.2025 17:23