<\/p>\n
American Bitcoin price (American Bitcoin Corp, NASDAQ) has spent the last 24 hours grinding higher in a volatile post-crash bounce, trading in a wide intraday range but ultimately sitting roughly mid-range after yesterday\u2019s lock-up\u2011driven wipeout.<\/p>\n
<\/p>\n
Traders watched American Bitcoin price fall off a cliff on Dec. 2. The Trump\u2011family\u2011backed miner opened into a wave of selling as locked\u2011up shares came free, and the stock briefly lost almost half<\/a> its value before staggering into the close nearly 40% lower on the day.\u200b<\/p>\n However, by Dec. 4, intraday, price ranged roughly between 2.25 USD and 2.77 USD, signaling aggressive two\u2011way flow and short\u2011term mean reversion after the prior day\u2019s capitulation.<\/p>\n ABTC, which trades on Nasdaq, dropped from a previous close of 3.58 dollars to an intraday low of 1.80 dollars in the first hour on Dec. 2, before recovering part of the move to finish at 2.19 dollars, a 38.83% loss<\/a>. The plunge lined up directly with the end of the lockup on pre\u2011merger private placement shares that were issued before American Bitcoin completed its merger with Gryphon Digital Mining and listed in September.<\/a>\u200b<\/p>\n \u201cToday our pre\u2011merger private placement shares unlocked \u2014 these early investors are freely available to cash in on their profits for the first time, which is why we will see volatility,\u201d co\u2011founder Eric Trump wrote on X, trying to frame the event as mechanical selling rather than a sudden collapse in confidence. Trump added that the company\u2019s fundamentals are \u201cvirtually unmatched\u201d and underlined that he is not selling his own stake, casting himself as a long\u2011term holder in the middle of the turmoil.<\/p>\n <\/p>\n The selloff comes just weeks after American Bitcoin reported what it called strong third\u2011quarter results. Revenue jumped to 64.2 million dollars from 11.6 million dollars a year earlier, while net income reached 3.5 million dollars compared with a 0.6 million dollar loss in the same quarter of the previous year. \u201cWe more than doubled our mining capacity, more than doubled revenue, and grew gross margin by seven percentage points quarter-over-quarter,\u201d CEO Michael Ho said at the time, arguing the business is scaling rapidly.<\/a>\u200b<\/p>\n Alongside that expansion, the company has been building its own bitcoin reserve. As of 13 November, American Bitcoin said it held around 4,090 BTC in its treasury, counting coins in custody and those pledged toward miner purchases, giving shareholders direct exposure to the asset as well as the mining operation.<\/a>\u200b<\/p>\n Despite the upbeat metrics, the stock has been grinding lower for months. Since hitting a 9.31 dollar peak in September, ABTC has fallen about 76.5%, turning the name into one of the more volatile listed bitcoin proxies. The latest drop simply accelerated that trend, compressing a slow rerating into a single trading session.<\/a>\u200b<\/p>\n The backdrop across crypto\u2011linked equities has not helped. Coinbase is down 20% over the past month, USDC issuer Circle has fallen 39%, and Gemini has slipped 47%, reflecting a wider slump as digital\u2011asset markets remain weak. Looking ahead, Clear Street analyst Brian Dobson told Bloomberg that further equity unlocks for ABTC are scheduled in 2026 and advised investors to watch those expirations closely, warning that more supply could add pressure to an already fragile stock.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" American Bitcoin price (American Bitcoin Corp, NASDAQ) has spent the last 24 hours grinding higher in a volatile post-crash bounce, trading in a wide intraday range but ultimately sitting roughly…<\/p>\n","protected":false},"author":1,"featured_media":4369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17267"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17267\/revisions"}],"predecessor-version":[{"id":17268,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17267\/revisions\/17268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4369"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Eric Trump and American Bitcoin<\/h2>\n
Strong quarter, growing bitcoin stack<\/h2>\n
Shares under pressure, sector under strain<\/h2>\n