Eric Trump Says American Bitcoin Is 'Leading The Charge' In BTC Accumulation — But Company's Stock Has Cratered 75% Since Debut - American Bitcoin (NASDAQ:ABTC)

Core Insights - American Bitcoin Corp. (NASDAQ:ABTC) has rapidly accumulated Bitcoin, becoming the 18th-largest Bitcoin treasury within five months of its public debut, holding 5,843 BTC valued at $520 million [2][3] - The company aims to surpass Galaxy Digital Inc. (NASDAQ:GLXY) to become the 17th-largest corporate holder of Bitcoin, while Michael Saylor's Strategy Inc. (NASDAQ:MSTR) leads with $63 billion in Bitcoin [3] Company Performance - American Bitcoin, a majority-owned subsidiary of Hut 8 Corp. (NASDAQ:HUT), began trading on Nasdaq on September 3, 2025, as a hybrid Bitcoin mining and treasury company [4] - The stock has experienced a significant decline of approximately 76% since its launch, attributed to Bitcoin's price drop and the expiration of the lock-up period for early investors [5] Analyst Perspectives - Roth Capital analyst Darren Aftahi has initiated coverage of ABTC with a "Buy" rating and a price target of $4, indicating positive future expectations [6] - The Moving Average Convergence Divergence indicator has signaled a "Buy" for the stock, suggesting potential upward momentum [6] Market Activity - As of the latest data, Bitcoin is trading at $89,097.07, reflecting a 0.48% increase over the last 24 hours [7] - American Bitcoin shares fell 0.63% in after-hours trading after a 5.30% increase during the regular session, indicating volatility in stock performance [7]