September 3, 2025: first day of trading on the Nasdaq, following a merger with Gryphon Digital Mining. The stock experienced significant volatility, opening around $8, surging to a high of $14.52, and ultimately closing at $8.04, up 16.5% for the day.
- Parent organization: Hut 8 Corp. (NASDAQ:HUT)
- Founders: Eric Trump, Donald Trump Jr.
- Founded: March 2025
- Headquarters: Miami, Florida
- Incorporated: Delaware
- www.americanbtc.com
Bearish Put Activity:
- ABTC Weekly Dec05 1.5 puts are seeing interest with the underlying stock down 38% (volume: 9.0K, open int: 50, implied vol: ~211%, prev day implied vol: 97%). Co is expected to report earnings mid-February.
American Bitcoin Corp (ABTC) shares plunge over 50% Tuesday with multiple trading halts as Eric Trump cites pre-merger private placement share unlock driving heavy volume and steep selloff.
About American Bitcoin
American Bitcoin is a majority-owned subsidiary of Hut 8 focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The company combines Hut 8's proven mining operations, cost-efficient infrastructure development capabilities, and disciplined approach to capital allocation with Eric Trump's commercial acumen, capital markets expertise, and commitment to the advancement of decentralized financial systems. For more information, visit www.americanbtc.com.
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