10 Stocks Already Hurting in December

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1. American Bitcoin Corp (NASDAQ:ABTC)

American Bitcoin Corp (NASDAQ:ABTC) fell by 15.57 percent on Monday to finish at $3.58 apiece as investors took path from its major asset’s decline on the same day.

On Monday alone, Bitcoin shed 0.058 percent to hover around the $86,000 level. Its current value marked a 21.6 percent fall from the $110,000 territory in just the past 30 trading days.

In other recent news, 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.

“The third quarter validated the thesis behind American Bitcoin,” said American Bitcoin Corp (NASDAQ:ABTC) Chief Strategy Officer and co-founder Eric Trump.

“While others paid spot, we generated Bitcoin below market through scalable, asset-light mining operations. Coupled with disciplined at-market purchases, we added more than 3,000 Bitcoin to our reserve. This dual strategy is how we intend to compound value for our shareholders and solidify our position as a capital-efficient platform for long-term Bitcoin accumulation,” he noted.

American Bitcoin Corp. (NASDAQ:ABTC) is a Bitcoin accumulation platform and is majority owned by listed firm Hut 8 Corp.

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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