✉news BusinessCrypto first seen 16 h ago, last 16 h ago, peak #33
American Bitcoin plunges 92% after merger
Original: American Bitcoin's value plunges 92% post-merge...
American Bitcoin, the bitcoin mining company tied to the Trump family, has seen its share value collapse by 92% following a corporate merger. The dramatic drop has drawn attention from investors and crypto watchers, raising questions about the company's valuation and the risks of politically connected crypto ventures.
Why now: The sudden 92% loss in value after the merger is a striking financial event involving a high-profile, politically connected crypto firm.
Evidence
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