Stater Bros stock is down about 10% at $11.10 per shares after the online retailer warned of a possible spike in volatility in bitcoin and related cryptocurrencies.
The stock closed down 2.5% at its highest close since Nov. 5.
The shares were down more than 30% since trading on the day of the announcement of the $20 bill.
“We are seeing significant volatility in the market and are expecting this volatility to escalate,” Stater Brothers CEO Mark Siegel said in a conference call on Wednesday.
“There’s been a lot of noise, but there are no signs of the market being ready to respond to the event.”
Bitcoin has been in a tailspin in recent weeks.
It was down nearly 8% last week after the government imposed a two-year ban on digital currencies, but it has recovered somewhat and is now trading above $3,000.
Stater Bros said in its announcement that it will release quarterly guidance for its stock market and could end the week at $3.45 per share, down about 7%.
The company did not disclose the size of its loss.
The company, which has more than 1,000 stores in about 150 U.S. cities, said it was “prepared to move our business in the future to a more focused business focused on growing the company, and providing the customer experience that Stater has come to know and love over the years.”