ABTC Plunges 10.13% to Record Low Amid Broader Market Pressures

The share price of American Bitcoin Corp. (ABTC) hit a record low on Nov. 8, with an intraday decline of 10.13%, marking one of the most significant single-day drops in its history. The selloff came despite recent operational progress, including a surge in Bitcoin reserves and expanded mining capacity, highlighting the stock’s susceptibility to broader market dynamics.

ABTC’s Bitcoin holdings rose to 4,004 BTC as of Nov. 5, up from 3,865 BTC on Oct. 24, driven by a mix of mining operations and strategic purchases. The company also reported a 3.35% increase in Satoshis Per Share (SPS) to 432, a key metric linking shareholder value to its Bitcoin accumulation. Meanwhile, mining infrastructure expanded to 24 exahash per second, supported by 14 EH/s of newly energized capacity. These developments underscore ABTC’s push to solidify its role in Bitcoin infrastructure, though investor confidence appears shaken by the sharp price drop.

Despite strong liquidity and a current ratio of 7.43, ABTC’s stock has fallen 5.22% as of Nov. 5 and is trading at $4.54, down 54% from its 52-week high. The volatility reflects broader sector-wide pressures, as Bitcoin-related equities face heightened scrutiny amid macroeconomic uncertainty. While ABTC’s transparent reporting and strategic partnerships—such as its majority stake in Hut 8 Corp.—position it for long-term growth, short-term challenges persist. The stock’s performance underscores the delicate balance between operational resilience and market sentiment in the high-risk crypto sector.

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