American Bitcoin Shares Plunge More Than 95% To Under $6, Wiping More Than $600 Million From Eric Trump Fortune

businessstockscryptocrypto-mining 2 posts · 2 accounts

Shares of American Bitcoin have declined more than 95% from a peak of $140 last autumn to trade under $6, erasing more than $600 million from Eric Trump’s wealth. The drop marks a severe valuation reset for the company’s bitcoin mining business, reducing its stock price to a fraction of its previous high.

From the sources (2 posts)

@blckchaindaily

🚨 ERIC TRUMP'S AMERICAN BITCOIN SHRS DOWN >95% FROM $140 PEAK TO UNDER $6, ERASING >$600M FROM FAMILY FORTUNE — BBG $BTC

@fintechfrank

Eric Trump’s bitcoin mining bet has erased more than $600 million from his family’s fortune. Shares of American Bitcoin have plunged from a peak of $140 last autumn to under $6, leaving the company down more than 95% from its high. Source

Momenta Hong Kong Listing Draws Record 413 Times Retail Oversubscription As Shares Rise 3% U.S. Software Job Postings Rise 15% Since Claude Code Debut, While Overall Listings Fall 7%