American Bitcoin Stock Falls 38.83% as Lockup Period Expires

American Bitcoin's stock closed down 38.83% at $2.19 on Tuesday after pre-merger private placement shares became tradable. Co-founder Eric Trump said the volatility was expected as early investors could sell for the first time, and confirmed he would not sell his personal holdings. The decline came despite strong third-quarter results showing revenue of $64.2 million and net income of $3.5 million.