TechFlow, Dec 3 — According to Bloomberg, American Bitcoin Corp., a cryptocurrency mining company co-founded by Eric Trump, saw its shares plunge sharply on Tuesday following the release of restricted stock. Within less than 30 minutes of market open, the company's stock price dropped over 50%, triggering multiple trading circuit breakers. By 2:30 p.m. New York time, the decline had narrowed slightly, closing at $2.33, down 35% from the previous trading day. The company had held a bell-ringing ceremony at Nasdaq on September 16.
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