Trump Family Investment Sparks Market Concern
Despite backing from the Trump family, American Bitcoin Corp has failed to withstand the crypto market downturn. Recent financial reports show a $59M Q4 loss, with significant market value erosion.
Stock Plummets, Investor Confidence Weakens
The company's stock has dropped about 90% from its September 2022 peak. Following the earnings release, shares fell another 3%, currently trading just above $1 per share, reflecting weak investor sentiment.
- Crypto sector faces widespread decline
- Market cap significantly reduced
- Trump-linked assets underperform