Shares of American Bitcoin Corp (ABTC), the mining company led by Eric Trump, plummeted by over 50%, hitting a low of $1.75. Since its debut on Nasdaq in September 2025, the stock has lost a total of 78%, retreating from its peak of $9.31.
This dramatic decline occurred despite a positive third-quarter earnings report, which revealed a net profit of $3.47 million and a revenue increase to $64.2 million. Furthermore, ABTC expanded its reserves by acquiring 3,000 Bitcoins, bringing its total holdings to over 4,000 BTC.
The stock’s crash reflects a broader trend in the sector. Shares of MicroStrategy (MSTR), led by Michael Saylor, have also experienced a similar loss, with the company's market capitalization now falling below the value of its Bitcoin assets. Notably, Eric Trump has previously described volatility as an ally for investors, enabling them to purchase assets at a reduced price.
