{"id":117591,"date":"2025-12-03T13:29:02","date_gmt":"2025-12-03T13:29:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=117591"},"modified":"2025-12-03T13:29:02","modified_gmt":"2025-12-03T13:29:02","slug":"massive-sell-off-in-eric-trump-associated-bitcoin-stock-falls-40-to-1-80","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=117591","title":{"rendered":"Massive Sell-Off In Eric Trump-Associated Bitcoin Stock: Falls 40% To $1.80"},"content":{"rendered":"<p><span>American Bitcoin Corp, the Trump-family backed mining firm, co-founded by Eric trump, saw its shares fall a whopping 40% to $1.80 on 2 December 2025. So, what triggered this plummet? The expiration of a lockup period on pre-merger private placement shares caused this fall. The stocks dropped intraday to $1.80 from a prior close of $3.58. What does this mean for investors? The fall has triggered multiple trading halts amid heavy volume, even as Bitcoin itself rallied over 7% to $91653.<\/span><\/p>\n<p><span><\/span><\/p>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n<div class=\"chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\"><\/div>\n<\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\"><\/div>\n<div class=\"chart__info-change\"><\/div>\n<\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\"><\/div>\n<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p><\/p>\n<p><span>While Hut 8 owns 80% of the company, the remaining 20% is held by Eric Trump, son of US President Donald Trump. <\/span><\/p>\n<p><span>Eric Trump took to X to address the volatility. According to him, the fall was \u201cexpected.\u201d To reaffirm his commitment, he said that he won\u2019t sell his holdings. <\/span><\/p>\n<p>Thanks <a href=\"https:\/\/twitter.com\/Coachjv_?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Coachjv_<\/a>. Today our pre-merger 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. <\/p>\n<p>Our fundamentals are virtually unmatched and our differentiator: mining BTC\u2026 <a href=\"https:\/\/t.co\/7h1Aqjt8iE\" target=\"_blank\" rel=\"noopener\">https:\/\/t.co\/7h1Aqjt8iE<\/a><\/p>\n<p>\u2014 Eric Trump (@EricTrump) <a href=\"https:\/\/twitter.com\/EricTrump\/status\/1995926632410820894?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 2, 2025<\/a><\/p>\n\n<p><strong><span>DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-binance-listings\/\" target=\"_blank\" rel=\"noopener\"><span>16+ New and Upcoming Binance Listings in 2025<\/span><\/a><\/strong><\/p>\n<h2><strong>By July 2025, the firm had mined 215 Bitcoins, raising $220 million for BTC purchases<\/strong><\/h2>\n<p>Eric Trump is the Co-Founder and Chief Strategy Officer of American Bitcoin Corp.<\/p>\n<p><span>Launched in April this year, American Bitcoin is a Bitcoin mining and treasury accumulation venture. It merged with Gryphon Digital Mining to debut on Nasdaq. But the crash stemmed from the 2 December 2025 unlock of restricted shares from a June 2025 private placement. While most shareholders face a 180-day lockup until March 2026 \u2013 including Trump family insiders \u2013 this partial expiry exposed thin liquidity in the high-risk crypto-linked stock. <\/span><\/p>\n<p><span>The company has positioned itself as a direct Bitcoin exposure play amid the Trump family\u2019s broader crypto portfolio including memecoins and stablecoins. Eric Trump has been leveraging family connections to attract investors from Europe, Canada, and the Middle East. However, company executives stress that there has been no direct presidential access.<\/span><\/p>\n<p><span>Notably, recent Q3 results of American Bitcoin showed $64.2 million in revenue and $3.5 million net income.\u00a0<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"noopener\">Top Solana Meme Coins to Buy in December 2025\u00a0<\/a><\/strong><\/p>\n<h2>Eric Trump Named Adviser To Metaplanet In March 2025<\/h2>\n<p>In March 2025, when welcoming Eric Trump as an adviser, Metaplanet CEO Simon Gerovich said, \u201cHis business expertise and passion for BTC will help drive our mission forward as we continue building one of the world\u2019s leading Bitcoin Treasury Companies.\u201d<\/p>\n<p>As of today, Michael Saylor\u2019s Strategy has slowed its Bitcoin accumulation spree amid a broader downturn for DAT (Digital Asset Treasury) firms. Meanwhile, Japan\u2019s Metaplanet is still going strong, having just announced a fresh $130M borrow against its Bitcoin holdings for additional purchases.<\/p>\n<p>By borrowing a further $130 million\u00a0 against its BTC holdings, the Tokyo-listed DAT firm expands its use of its $500 million credit facility as it continues to build its Bitcoin-based income strategies.<\/p>\n<p><strong><span>DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-100x-crypto\/\" target=\"_blank\" rel=\"noopener\"><span>10+ Next Crypto to 100X In 2025<\/span><\/a><\/strong><\/p>\n<p><span>    <\/span><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span><br \/>\n        <\/span><\/p>\n<p><span><br \/>\n         Eric Trump noted the volatility as natural for early investors cashing in profits, urging focus on long-term Bitcoin mining growth.\u00a0<\/span><\/p>\n<p><span><br \/>\n    <\/span><\/p>\n<p><span><br \/>\n         Democrats on the House Judiciary Committee accused the Trump administration of using presidential powers to boost family crypto ventures, citing $800 million in 2025 sales.<\/span><\/p>\n<p><span><br \/>\n    <\/span><\/p>\n<p><span><br \/>\n    <\/span><\/p>\n<p><span>    <\/span><\/p>\n<\/div>\n<p>    <\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/massive-sell-off-in-eric-trump-associated-bitcoin-stock-falls-40-to-1-80\/\">Massive Sell-Off In Eric Trump-Associated Bitcoin Stock: Falls 40% To $1.80<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>American Bitcoin Corp, the Trump-family backed mining firm, co-founded by Eric trump, saw its shares fall a whopping 40% to $1.80 on 2 December 2025. So, what triggered this plummet? The expiration of a lockup period on pre-merger private placement shares caused this fall. The stocks dropped intraday to $1.80 from a prior close of [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-117591","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117591"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=117591"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117591\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}