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American Bitcoin Stock Jumps After Buying From Eric Trump, Other Insiders
Shares of American Bitcoin, a bitcoin mining and treasury company backed by Eric Trump and Donald Trump Jr., jumped on Monday after recent stock purchases by insiders.
The shares rallied as much as 18% Monday afternoon. They had fallen 15% in 2025. Bitcoin recently traded above $94,000 after bouncing off recent lows.
American Bitcoin insiders, including Chief Strategy Officer Eric Trump, Executive Chairman Asher Genoot, Chief Executive Michael Ho and director Richard Busch, bought nearly 24 million shares between Dec. 16 and Jan.2, according to regulatory filings.
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