Eric Trump’s crypto mining firm, American Bitcoin, experienced a tough day yesterday after its shares fell by nearly 40%. The company, which publicly started trading in September, faced a lock-up expiry. This led to a decline in its shares, and as a result, the company’s stock price (ABTC) nosedived.
A lock-up locks shares of certain shareholders for a set period of time. During this period, shareholders cannot sell their shares. This rule of contract prevents shareholders from selling a huge amount of shares immediately, and avoids price dips.
In the case of American Bitcoin, its lock-up period expired, leading to a massive sale of shares. This large amount of shares sold in the market has pushed the mining firm’s shares by 40%.
Additionally, this significant dip has also wiped nearly $1 billion from the company’s market capitalization.
When stocks expired, investors started trading freely for the first time after American Bitcoin went live for public trading in September 2025.
American Bitcoin trades below its support range
The Bitcoin mining firm, traded as ABTC, is currently hovering below its $4.7 -$3.7 support range. As shown in the trading graph below, ABTC holds tight to $2.19 price at the time of reporting.
In September, when the stock began publicly trading on Nasdaq, its price went up to $14.5 — the highest price until now. Since then, it has declined by approximately 84%.
While focusing on the broader stock market, the US stocks are currently showing a green signal, whereas crypto is slowly climbing up, but has not yet reached back to $100,000.
American Bitcoin’s share value dropped amid the ongoing crypto meltdown, which analysts describe as a crypto winter. As of now, Bitcoin is valued at $93,600 and shows a 7.6% uptick.
An official report by the mining firm read that the firm holds nearly 3,418 Bitcoin in its reserves as of September 30, 2025.
