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.

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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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Disclosure: None. This article is originally published at Insider Monkey.