ABTC Shares Plunge After Private Placement Unlock
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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.
More context
Timeline
- 1. June 27, 2025: ABTC completed a $220.1 million unregistered private placement.
- 2. Pre-December 2025: Lockup and investor rights agreements restricted sales by early investors.
- 3. December 2, 2025: Reports indicate pre-merger private placement shares unlocked, initiating heavy selling.
- 4. December 2, 2025: ABTC plunged roughly 40–50% intraday with trading volume spiking and halts.
- 5. December 3, 2025: ABTC closed down 38.83% at $2.19 and saw a modest after-hours rebound.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
