stock collapsed 80%+ as value destruction continues.
American Bitcoin's stock has collapsed from $4.19 to $0.83 as the company fails to create value, with one investor rationalizing losses as 'crypto is down.'
The Bitcoin mining co-founded by Eric Trump peaked near $4.19 and now trades at $0.83. Despite a retail investor claiming 'you can't squarely blame it on Trump,' the stock appears headed toward zero.
"Yet Another Trump-Backed Crypto Company Is Imploding"