PANews reported on December 3rd that, according to Bloomberg, shares of American Bitcoin Corp., the cryptocurrency mining company co-founded by Eric Trump, plummeted by over 50% in 30 minutes on December 3rd due to a sell-off triggered by the unlocking of a private placement. The stock later recovered to close down 35% at $2.33. The company was originally spun off from Hut 8 and had already fallen more than 60% from its September high. Trump tweeted that he "will own all the shares."