# American Bitcoin Drops 20%, Following Debut Plunge

*Author: Bankless*
*Published: Sep 4, 2025*
*Source: https://www.bankless.com/read/american-bitcoin-stock-falls-below-debut-price-following-20-drop*

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Bitcoin miner and treasury firm American Bitcoin (ABTC) saw its stock tumble 20% on Thursday. Shares were trading $6.41 on market close, well below their Nasdaq listing highs set yesterday.

### What’s the Scoop?
- **Rough Debut:** Since ABTC peaked at $14.00 during its Nasdaq debut, shares have sharply reversed course. 
- **Trump Ties:** American Bitcoin is majority held by mining firm Hut 8, with [estimated](https://www.reuters.com/business/trumps-oldest-sons-american-bitcoin-stake-worth-15-billion-stock-debut-2025-09-03/) 20% ownership by Donald Trump Jr. and Eric Trump. The firm holds over 2.4k BTC, valued around $269M, and has filed to raise up to $2.1B in an at-the-market equity offering to further expand its bitcoin treasury.
- **Nasdaq Miners Slump:** ABTC wasn't alone in its slide; shares of other miners – including Marathon Digital (MARA) and Riot Platforms (RIOT) – also dropped on Thursday, despite U.S. stock indexes posting gains. 

### Bankless Take:
While ABTC finds itself well off yesterday's high-water mark, the Trump family's net worth has no doubt surged this week thanks to the stock's completed Nasdaq listing. They also benefited from the [liquification](https://www.bankless.com/read/trump-familys-crypto-holdings-surge-5b-with-wlfi-listing) of World Liberty Financial (WLFI) tokens on Monday.

> And we are off the the races 🏎️ [@AmericanBTC](https://twitter.com/AmericanBTC?ref_src=twsrc%5Etfw) [@EricTrump](https://twitter.com/EricTrump?ref_src=twsrc%5Etfw) [@DonaldJTrumpJr](https://twitter.com/DonaldJTrumpJr?ref_src=twsrc%5Etfw) [@mikehomkh](https://twitter.com/mikehomkh?ref_src=twsrc%5Etfw) [@MattPrusak](https://twitter.com/MattPrusak?ref_src=twsrc%5Etfw) [pic.twitter.com/j49IT6ucjO](https://t.co/j49IT6ucjO)— Asher Genoot (@ashergenoot) [September 3, 2025](https://twitter.com/ashergenoot/status/1963250878866944367?ref_src=twsrc%5Etfw)
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