American Bitcoin Corp (NASDAQ:ABTC) fell about 47.4% week-over-week after a lockup expiration allowed pre-merger private placement holders to sell shares. Co‑founder Eric Trump attributed the volatility to profit-taking and unlocked shares and said he is holding his shares. The company reported a swing to net income of $3.47 million from a $576 million loss year-over-year, revenues up 453% to $64.22 million, and added more than 3,000 BTC to reserves.

Share price dropped ~47% following a lockup expiration that permitted pre-merger private placement holders to sell; co‑founder Eric Trump cited profit-taking and unlocked shares as causes. Offsetting fundamentals reported: net income of $3.47M (vs prior-year loss), revenues up 453% to $64.22M, and >3,000 BTC added to reserves. The immediate price move and unlocked supply justify a bearish short-term sentiment despite improved financials.