[Lock-up Period Ends, Triggering Sell-off: American Bitcoin Corp. Stock Plummets Over 50% in 30 Minutes] According to Bloomberg, the stock price of the crypto mining company American Bitcoin Corp., co-founded by Eric Trump, plunged over 50% within 30 minutes on December 3 due to a sell-off triggered by the unlocking of private placements. It later narrowed its losses to a 35% drop, closing at $2.33. The company, originally spun off from Hut 8, had already fallen more than 60% from its September peak. Trump stated in a post that he 'will hold all shares.'