American Bitcoin Suffers Dramatic Stock Market Plummet

Shares of American Bitcoin, a Nasdaq-listed company, experienced a significant decline following the release of previously locked private placement shares. The stock plummeted by nearly half in early trading, closing at $2.19 after a 38.83% loss. Eric Trump, founder of the company, confirmed that initial investors were capitalizing on their shares for the first time since the merger with Gryphon Digital Mining earlier this year.