American Bitcoin stock price dropped by more than 95 per cent and reverse debundling to maintain listing

According to Bloomberg, American Bitcoin, created jointly by Eric Trump, fell by more than 95 per cent from its peak, with the market value of about 6 per cent of its shares shrinking by more than $600 million over the past 10 months. This week, the company implemented a reverse 1 to 15 to maintain the NASDAQ listing, with an all-time low on Wednesday. American Bitcoin continued to adhere to the Bitcoin mining and increase strategy, with 500 more BTCs being held repeatedly every week, and more than 8,000 warehouses having lost $117.2 million in the first quarter because of the loss of the Bitcoin reserve, recording an operating loss of $118.2 million。