American Bitcoin Corp (ABTC), the mining venture backed by Eric Trump and Donald Trump Jr., has lost more than half its value since the broader crypto selloff began last week.
ABTC merged with Hut 8 Mining earlier this year. The stock’s decline outpaces Bitcoin’s 18% drawdown from all-time highs — a 3x amplification typical of mining stocks, which act as leveraged bets on BTC price.
Historical pattern from our data: mining stocks fall 2.5-3.5x harder than BTC during corrections but recover 1.5-2x faster during rallies. The Trump association adds speculative premium in both directions.
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