Eric Trump Says He’s Not Selling As American Bitcoin Shares Crash 38%: ‘Fundamentals Are Virtually Unmatched’

American Bitcoin Corp. (NASDAQ:ABTC) shares modestly recovered in Tuesday’s after-hours trading following a sharp drop triggered by the expiration of the lockup period for investors, including co-founder Eric Trump.

ABTC stock is at key technical levels. Get the latest updates here.

Early Investors Can Take Profits, Says Trump

ABTC gained over 4% after-hours, but not before a sharp decline in the regular session that knocked it down more than 50% at one point.

The stock experienced downside volatility following the expiration of its lock-up period, which had previously restricted early investors from selling their shares.

The development was confirmed by Trump, who said that early investors are “freely available to cash in on their profits.”

Full story available on Benzinga.com