Trump Sons' Bitcoin Firm Plummets 70%

American Bitcoin Corp., established by Donald Trump Jr. and Eric Trump in March 2025, is facing significant stock market challenges. The company, which holds 5,044 Bitcoin on its balance sheet, has seen its shares drop more than 70% since its public debut in September. This downturn occurred despite the company's substantial Bitcoin holdings and its position as the 21st largest corporate Bitcoin holder globally.

The stock experienced a sharp 39% plunge on December 2nd when major stakeholders sold shares following the expiration of their lock-up period. However, one analyst, Darren Aftahi from Roth Capital, remains optimistic. He initiated coverage on December 10th with a 'Buy' rating and a $4 price target, suggesting a potential 140% increase from its current trading price of $1.67.

Aftahi highlights American Bitcoin's integrated business model, which includes not only acquiring Bitcoin but also mining it through a partnership with Hut 8. This approach, he believes, gives the company an edge over competitors. Despite Roth Capital's past involvement with the company, the analyst's positive outlook contrasts with the stock's recent performance.