Overview
- ABTC fell as much as about 50% intraday on Dec. 2 and closed down 38.83% at $2.19 after repeated trading halts.
- Turnover spiked to roughly 55 million shares versus an average near 3 million as pre‑merger private‑placement stock became sellable.
- Bitcoin climbed above $91,000 with most crypto equities higher, highlighting a sharp divergence from the miner’s stock.
- Eric Trump said he is holding his stake and Hut 8 said it did not sell; company leaders described this as the first major unlock and warned of near‑term choppiness.
- Shares recovered modestly in after‑hours and premarket trade; Hut 8 fell about 12% and ABTC still touts Q3 profitability and roughly 4,000 BTC, with most historical holders restricted until 2026 under SEC agreements.