ABTC IPO Flop: Is it Cooling Just Like TRUMP Coin?
American Bitcoin (ABTC) stock dropped below its IPO price just one day after debuting on the Nasdaq, falling 15% to $6.83.
The company, which holds over $269 million in bitcoin, is betting on a hybrid strategy that pairs mining operations with long-term asset accumulation.
ABTC’s post-merger equity raise of up to $2.1 billion signals aggressive expansion plans in an industry under pressure from rising energy costs and network competition.
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1. Will you trade Trump concept?
2. Are there still chances after dips?
3. How do you view the miner's expansion?