American Bitcoin Corp. shares fell 14.78% to $7.96 Friday afternoon, reversing part of Thursday’s rally as hotter-than-expected August payrolls pressured Bitcoin and other risk assets. The labor data increased expectations for a potential Federal Reserve rate hike at its next meeting, while a stronger U.S. dollar and higher interest-rate expectations reduced appetite for speculative investments. The decline also reflected intraday profit-taking after ABTC leadership marked the company’s first anniversary of going public on Nasdaq. Co-Founder and Chief Strategy Officer Eric Trump said American Bitcoin had expanded its treasury to 8,300 Bitcoin, with nearly 90,000 active Bitcoin mining units operating at nearly 50% gross margins. The price data came from Benzinga Pro.