Eric Trump's American Bitcoin Stock Stabilizes After Lockup

Benzinga

American Bitcoin stock stabilized near $2.33 after a steep post-lockup selloff that briefly pushed shares to $1.75. The drop followed the release of 159 million private-placement shares, while Eric Trump said he is holding his stake. President Matt Prusak said more unlocks are coming but argued the volatility doesn’t reflect underlying operations.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03American Bitcoin shares steadied on Wednesday after a sharp drop triggered by the end of a

00:07lockup period for early investors, according to Decrypt. Shares recently traded around $2.33,

00:14down from Monday's $3.60 close after private placement investors gained their first opportunity

00:20to sell. The stock fell to $1.75 on Tuesday as 159 million shares sold in June for $220 million

00:28became eligible for trading. In a post on X, Eric Trump stated that he is holding all his

00:33ABTC shares. American Bitcoin president Matt Prusak said more shares will unlock soon and

00:39noted that recent volatility does not reflect the company's operational performance.

00:43For all things money, visit Benzinga.com.

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