ABTC Shares Plunge After Private Placement Unlock
Read, Watch or Listen
New York, American Bitcoin Corp.'s stock plunged after a share unlock on Tuesday, December 2, 2025. Early investor lockup expirations released pre-merger private placement shares, driving selling that pushed ABTC 40–50% intraday and forced trading halts. Trading volume surged, and the drop extended to parent miner Hut 8, which fell in sympathy. Company co-founder Eric Trump posted on X that he retains his shares and attributed volatility to profit-taking by unlocked investors. SEC filings and market data show the unlock followed a June 27 private placement; regulatory resale rules remain under discussion. Based on 6 articles reviewed and supporting research.
Prepared by Christopher Adams and reviewed by editorial team.
Timeline of Events
- June 27, 2025: ABTC completed a $220.1 million unregistered private placement.
- Pre-December 2025: Lockup and investor rights agreements restricted sales by early investors.
- December 2, 2025: Reports indicate pre-merger private placement shares unlocked, initiating heavy selling.
- December 2, 2025: ABTC plunged roughly 40–50% intraday with trading volume spiking and halts.
- December 3, 2025: ABTC closed down 38.83% at $2.19 and saw a modest after-hours rebound.
- Articles Published:
- 6
- Right Leaning:
- 0
- Left Leaning:
- 0
- Neutral:
- 6
- Distribution:
- Left 0%, Center 100%, Right 0%
Early investors whose shares unlocked were able to sell and realize gains, while new buyers or longer-term holders gained opportunities to purchase ABTC at materially lower prices.
Shareholders who held positions through the unlock experienced sharp mark-to-market losses and Hut 8 incurred spillover share-price declines as market selling intensified.
Coverage of Story:
From Left
No left-leaning sources found for this story.
From Center
ABTC Shares Plunge After Private Placement Unlock
TokenPost Crypto Briefing ETHNews Yahoo! Finance Yahoo! Finance AMBCryptoFrom Right
No right-leaning sources found for this story.
Comments