Introduction to American Bitcoin’s Volatile Price Movement
The American Bitcoin price (American Bitcoin Corp, NASDAQ) has experienced a significant rebound in the past 24 hours, following a volatile post-crash period. The price moved in a wide intraday range but ultimately remained around mid-range after yesterday’s lock-up-induced wipeout. This volatility has raised concerns among investors, with the stock price falling nearly 40% after shares in pre-merger private placement were unlocked and early investors sold out.
Key Points About American Bitcoin’s Price Movement
Some key points to note about American Bitcoin’s price movement include:
- American Bitcoin price fell nearly 40% after shares in pre-merger private placement were unlocked and early investors sold out.
- Eric Trump cited expected volatility, said fundamentals were “virtually unmatched” and vowed not to sell his stocks.
- Despite strong gains in the third quarter and 4,090 BTC in the treasury, ABTC is down around 76.5% from its September peak, reflecting an overall slump in crypto stocks.
Lockup Expiry Triggers Sharp Selloff
Traders watched the American Bitcoin price fall off a cliff on December 2nd. The Trump family-backed miner began a sell-off as locked shares were released, and the stock briefly lost nearly half its value before closing that day down nearly 40%. However, by December 4, the intraday price was hovering roughly between $2.25 and $2.77, indicating an aggressive two-way flow and a short-term mean reversal following the previous day’s capitulation.
Eric Trump, co-founder of American Bitcoin, wrote on X, “Today our shares from the pre-merger private placement were unlocked – these early investors are free to pocket their profits for the first time, so we will see volatility.” Trump added that the company’s fundamentals are “virtually unmatched,” emphasizing that he is not selling his own shares and portraying himself as a long-term owner amid the turmoil.
Strong Quarter, Growing Bitcoin Stack
The selloff comes just weeks after American Bitcoin reportedly reported strong third-quarter results. Revenue rose to $64.2 million from $11.6 million a year ago, while net profit reached $3.5 million, compared to a loss of $0.6 million in the year-ago quarter. CEO Michael Ho said at the time, “We more than doubled our mining capacity, more than doubled revenue and increased gross margin by seven percentage points compared to the previous quarter,” arguing that the business was scaling quickly.
In parallel with this expansion, the company has built up its own Bitcoin reserve. On November 13, American Bitcoin said it held approximately 4,090 BTC in its treasury, including coins in custody and coins pledged for purchase by miners, giving shareholders direct access to the asset as well as mining operations.
Stocks Under Pressure, Industry Under Strain
Despite the positive key figures, the share price has been in the red for months. Since hitting a high of $9.31 in September, ABTC has fallen about 76.5%, making the name one of the more volatile exchange-traded Bitcoin proxies. The recent decline has merely accelerated this trend, compressing a slow revaluation into a single trading session.
The background in crypto-related stocks didn’t help. Coinbase is down 20% in the last month, USDC issuer Circle is down 39% and Gemini is down 47%, reflecting a larger decline as digital asset markets remain weak. Looking ahead, Clear Street analyst Brian Dobson told Bloomberg that further stock releases for ABTC are planned in 2026 and advised investors to keep a close eye on these expirations, warning that a larger offering could add pressure to an already fragile stock.
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