Trump-backed crypto stock stumbles despite beating GameStop
American Bitcoin Corp. (NASDAQ: ABTC), the Bitcoin (BTC) mining firm founded by Eric Trump and Donald Trump Jr., just became the 22nd largest Bitcoin treasury company. It surpassed GameStop Corp (NYSE: GME) in BTC holdings. But the market reaction was far from celebratory. Related: Eric Trump has a blunt response to JP Morgan Eric Trump touts ‘fast-scaling’ reserves On Dec. 10, the firm bought 416 Bitcoin worth $38 million. According to BitcoinTreasuries.net, this purchase boosted its total stash to 4 ...