Jim Cramer on American Bitcoin: “This is a Total Spec”

American Bitcoin Corp (NASDAQ:ABTC) is one of the stocks on Jim Cramer’s radar recently. During the episode, when a caller asked about the stock, Cramer said:

“Okay, this is a total spec, as you know. It’s a, it’s very inexpensive, I mean dollar amount, but it may be an expensive actual amount because it doesn’t have any earnings. It’s a spec. It’s your one spec. As I say in How to Make Money in Any Market, you’re entitled to one spec. That’s it. But that could lose everything. Just as long as you know that, that’s fine.”

Pixabay/Public Domain

American Bitcoin Corp (NASDAQ:ABTC) develops a bitcoin infrastructure platform and operates as a subsidiary of Hut 8 Corp. The company was listed on the Nasdaq on September 3 under the ticker ABTC and is backed by Eric and Donald Trump Jr. Furthermore, it began trading at $6.90 per share following an all-stock merger with Gryphon Digital Mining.