American Bitcoin (ABTC) Soars 13.5% as Firm Boosts Crypto Bet
We recently published 10 Stocks With Easy Double-Digit Gains. American Bitcoin Corp. (NASDAQ:ABTC) was one of the top performers on Monday.
American Bitcoin grew for a second day on Monday, jumping 13.48 percent to close at $2.02 apiece, as investors took heart from its acquisition of more Bitcoins, making it one of the fastest-growing treasury holders of the token in just four months.
In an updated report, American Bitcoin Corp. (NASDAQ:ABTC) co-founder and presidential son Eric Trump said that the company now holds 5,427 Bitcoins on its balance sheet following the acquisition of 1,064 in December 2025 alone.
In other developments, American Bitcoin Corp. (NASDAQ:ABTC) rallied in line with higher Bitcoin prices, which surged to $94,634 during the session as it tries to retest the $95,000 level.
However, the cryptocurrency lost its momentum to trade just a few bucks over the $94,000 level as of writing.
Additionally, American Bitcoin Corp. (NASDAQ:ABTC) mirrored its parent firm, Hut 8 Corp., which soared to a new four-year high on Monday, similarly buoyed by Bitcoin’s strength during the day.
In the third quarter of the year, American Bitcoin Corp (NASDAQ:ABTC) swung to a net profit of $3.47 million from a $576 million net loss in the same period last year. Revenues soared by 453 percent to $64.22 million from only $11.61 million year-on-year.
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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