News Explorer — Trump Bros' American Bitcoin Stock Plunges Below IPO Level

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Sep 4, 3:29 pm

Coindesk

Trump Bros' American Bitcoin Stock Plunges Below IPO Level

American Bitcoin (ABTC) shares fell 15% below its IPO price on the Nasdaq, trading at $6.83 from $6.90. The company, majority-owned by Hut 8 and partially by Donald Trump Jr. and Eric Trump, aims to raise $2.1 billion for expanding its bitcoin holdings.

American Bitcoin (ABTC) shares fell 15% below its IPO price on the Nasdaq, trading at $6.83 from $6.90. The company, majority-owned by Hut 8 and partially by Donald Trump Jr. and Eric Trump, aims to raise $2.1 billion for expanding its bitcoin holdings.

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