<p>美国比特币（ABTC）的股票在 12 月 2 日的交易首小时内暴跌近 50%，从之前的收盘价 3.58 美元跌至最低 1.80 美元。</p>
<p>尽管 ABTC 最终以 2.19 美元收盘，跌幅为 38.83%，但在 12 月 3 日的盘后交易中略微反弹，涨幅为 10.96%。</p>
<h2><strong>美国比特币崩盘——但为什么？</strong></h2>
<p>这一戏剧性的崩盘并非由于市场传闻，而是由于股票锁定期的到期，释放了大量之前受限的股票进入市场。</p>
<p>这些锁定协议是在公司与 Gryphon Digital Mining 合并后公开上市时的标准做法，暂时阻止内部人士和合并前的私募股东出售其股份。</p>
<p>然而，一旦这一限制解除，便释放了大量之前受限的股票进入市场。</p>
<p>可用股票的激增导致了股票的剧烈下跌，首小时交易中跌幅近 50%。</p>
<h2><strong>埃里克·特朗普为抛售辩护</strong></h2>
<p>埃里克·特朗普在 X 上确认了这一技术解释，表示由于解锁合并前私募股东的股份，抛售是预期之中的。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/Eric-Trump.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/Eric-Trump.webp"/></p>
<p>来源：埃里克·特朗普/X</p>
<p>关键是，他重申了自己对长期投资的承诺，表示没有计划出售个人持股，但短期供应冲击是压倒性的。</p>
<p>市场反应的严重程度与美国比特币强劲的基本财务和运营健康状况形成鲜明对比。</p>
<h2><strong>特朗普支持的公司的比特币持有情况及更多</strong></h2>
<p>该公司在 10 月报告了令人印象深刻的第三季度业绩。收入达到 6420 万美元，较去年同期的 1160 万美元大幅增长。此外，公司在净收入方面实现了积极的扭转，盈利 350 万美元。</p>
<p>除了挖矿，该公司还积极建立其财库。截至 11 月中旬，持有约 4090 个比特币，符合管理层增加对比特币 [BTC] 直接敞口的目标，同时扩大生产。</p>
<p>但抛售也反映了该股票不稳定的历史以及加密股市的整体疲软。</p>
<p>自纳斯达克上市以来，美国比特币一直高度波动。事实上，在 9 月初经过 1.7 亿美元的投资后，其股价飙升至 9.31 美元，随后进入稳定下滑。</p>
<p>即使在锁定期到期之前，该股票也在失去动能，最新的下跌使其股价比峰值低近 76.5%。</p>
<h2><strong>特朗普支持的美国比特币也曾经历过激增</strong></h2>
<p>这发生在美国比特币最近的激增之后，受到 Dominari Holdings 大规模投资和其通过合并进入公开市场的推动，显示出特朗普家族在加密生态系统中积极扩展的脚步。</p>
<p>除了在 ABTC 的股份外，特朗普家族现在还控制着挖矿、稳定币、迷因币、代币发行，甚至通过 World Liberty Financial [WLFI] 和相关企业申请加密 ETF 的接触点。</p>
<hr/>
<h2>最后思考</h2>
<ul>
<li><em>尽管收入增长强劲，盈利能力上升，挖矿能力扩大，ABTC 仍无法承受供应冲击。</em></li>
<li><em>Dominari 的投资和 Gryphon 的合并为 ABTC 提供了动力，但也使其面临公开市场交易的压力。</em></li>
</ul>

ABTC

<p>美国比特币（ABTC）由 Eric 和 Donald Trump Jr.共同创立，由于解禁期的到期，导致大量股票释放，其股价暴跌近 50%。Eric Trump 为此次抛售辩护，称其是由于这一技术因素所致。尽管公司财务表现强劲，包括显著的收入增长和比特币持有量，ABTC 的股价仍然波动，反映出更广泛的加密市场疲软。该公司一直在扩大其加密生态系统的影响力，但公众市场的压力仍在影响其股价表现</p>

<p>The stock of American Bitcoin (ABTC), the mining firm co-founded by Eric and Donald Trump Jr., plummeted nearly 50% in the first hour of trading on the 2nd of December, hitting a low of $1.80 from its prior close of $3.58.</p>
<div class="lb-trans"><p>美国比特币（ABTC）的股票在 12 月 2 日的交易首小时内暴跌近 50%，从之前的收盘价 3.58 美元跌至最低 1.80 美元。</p>
</div><p>ABTC ultimately closed the day down 38.83% at $2.19, though it rebounded slightly – up 10.96% – in after-hours trading on 3rd December.</p>
<div class="lb-trans"><p>尽管 ABTC 最终以 2.19 美元收盘，跌幅为 38.83%，但在 12 月 3 日的盘后交易中略微反弹，涨幅为 10.96%。</p>
</div><h2><strong>American Bitcoin crashes – but why?</strong></h2>
<div class="lb-trans"><h2><strong>美国比特币崩盘——但为什么？</strong></h2>
</div><p>This dramatic crash was triggered not by market rumors but by the expiration of a share lockup period, which released a massive supply of previously restricted stock onto the market.</p>
<div class="lb-trans"><p>这一戏剧性的崩盘并非由于市场传闻，而是由于股票锁定期的到期，释放了大量之前受限的股票进入市场。</p>
</div><p>These lockup agreements, which are standard following a company’s public listing after its merger with Gryphon Digital Mining, temporarily prevent insiders and pre-merger private placement shareholders from selling their shares.</p>
<div class="lb-trans"><p>这些锁定协议是在公司与 Gryphon Digital Mining 合并后公开上市时的标准做法，暂时阻止内部人士和合并前的私募股东出售其股份。</p>
</div><p>However, the moment this restriction was lifted, it unleashed a massive supply of previously restricted stock onto the market.</p>
<div class="lb-trans"><p>然而，一旦这一限制解除，便释放了大量之前受限的股票进入市场。</p>
</div><p>This surge in available shares led to the stock’s dramatic decline, which saw it fall nearly 50% in the first hour of trading.</p>
<div class="lb-trans"><p>可用股票的激增导致了股票的剧烈下跌，首小时交易中跌幅近 50%。</p>
</div><h2><strong>Eric Trump defends the selloff</strong></h2>
<div class="lb-trans"><h2><strong>埃里克·特朗普为抛售辩护</strong></h2>
</div><p>Eric Trump confirmed this technical explanation on X, stating the selloff was expected due to the unlocking of pre-merger private placement shares.</p>
<div class="lb-trans"><p>埃里克·特朗普在 X 上确认了这一技术解释，表示由于解锁合并前私募股东的股份，抛售是预期之中的。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/Eric-Trump.webp" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/12/Eric-Trump.webp"/></p>
<p>Source: Eric Trump/X</p>
<div class="lb-trans"><p>来源：埃里克·特朗普/X</p>
</div><p>Crucially, he reaffirmed his long-term commitment, noting he has no plans to sell his personal holdings, but the short-term supply shock was overwhelming.</p>
<div class="lb-trans"><p>关键是，他重申了自己对长期投资的承诺，表示没有计划出售个人持股，但短期供应冲击是压倒性的。</p>
</div><p>The severity of the market reaction stands in stark contrast to American Bitcoin’s robust underlying financial and operational health.</p>
<div class="lb-trans"><p>市场反应的严重程度与美国比特币强劲的基本财务和运营健康状况形成鲜明对比。</p>
</div><h2><strong>Trump-backed firms’ Bitcoin holdings and more</strong></h2>
<div class="lb-trans"><h2><strong>特朗普支持的公司的比特币持有情况及更多</strong></h2>
</div><p>The company reported impressive third-quarter results in October. Revenue reached $64.2 million, a significant increase from $11.6 million a year earlier. Additionally, the company made a positive turnaround in net income, achieving a profit of $3.5 million.</p>
<div class="lb-trans"><p>该公司在 10 月报告了令人印象深刻的第三季度业绩。收入达到 6420 万美元，较去年同期的 1160 万美元大幅增长。此外，公司在净收入方面实现了积极的扭转，盈利 350 万美元。</p>
</div><p>Beyond mining, the company has actively built its treasury. It is holding approximately 4,090 BTC as of mid-November, aligning with management’s stated goal to increase direct exposure to Bitcoin [BTC] while scaling production.</p>
<div class="lb-trans"><p>除了挖矿，该公司还积极建立其财库。截至 11 月中旬，持有约 4090 个比特币，符合管理层增加对比特币 [BTC] 直接敞口的目标，同时扩大生产。</p>
</div><p>But the selloff also reflected the stock’s shaky history and the broader weakness in crypto equities.</p>
<div class="lb-trans"><p>但抛售也反映了该股票不稳定的历史以及加密股市的整体疲软。</p>
</div><p>American Bitcoin has been highly volatile since its Nasdaq debut. In fact, it surged to $9.31 in early September after a $170 million investment before entering a steady decline.</p>
<div class="lb-trans"><p>自纳斯达克上市以来，美国比特币一直高度波动。事实上，在 9 月初经过 1.7 亿美元的投资后，其股价飙升至 9.31 美元，随后进入稳定下滑。</p>
</div><p>Even before the lockup expiry, the stock was losing momentum, and the latest drop pushed it nearly 76.5% below its peak.</p>
<div class="lb-trans"><p>即使在锁定期到期之前，该股票也在失去动能，最新的下跌使其股价比峰值低近 76.5%。</p>
</div><h2><strong>Trump-backed American Bitcoin had also seen a surge</strong></h2>
<div class="lb-trans"><h2><strong>特朗普支持的美国比特币也曾经历过激增</strong></h2>
</div><p>This followed American Bitcoin’s recent surge, fueled by Dominari Holdings’ sizeable investment and its merger-driven entry into public markets, capturing how aggressively the Trump family is expanding its footprint across the crypto ecosystem.</p>
<div class="lb-trans"><p>这发生在美国比特币最近的激增之后，受到 Dominari Holdings 大规模投资和其通过合并进入公开市场的推动，显示出特朗普家族在加密生态系统中积极扩展的脚步。</p>
</div><p>Beyond their stake in ABTC, the Trumps now control touchpoints across mining, stablecoins, memecoins, token launches, and even crypto ETF applications through World Liberty Financial [WLFI] and related ventures.</p>
<div class="lb-trans"><p>除了在 ABTC 的股份外，特朗普家族现在还控制着挖矿、稳定币、迷因币、代币发行，甚至通过 World Liberty Financial [WLFI] 和相关企业申请加密 ETF 的接触点。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>Final thoughts</h2>
<div class="lb-trans"><h2>最后思考</h2>
</div><ul>
<li><em>Despite strong revenue growth, rising profitability, and expanded mining capacity, ABTC couldn’t withstand the supply shock.</em></li>
<li><em>Dominari’s investment and the Gryphon merger gave ABTC momentum, but they also exposed it to the pressures of public-market trading.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>尽管收入增长强劲，盈利能力上升，挖矿能力扩大，ABTC 仍无法承受供应冲击。</em></li>
<li><em>Dominari 的投资和 Gryphon 的合并为 ABTC 提供了动力，但也使其面临公开市场交易的压力。</em></li>
</ul>
</div>

‘我们将看到波动！’——Eric Trump 为 American Bitcoin 40% 的暴跌进行辩护