By Vicky Ge Huang
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.
Eric Trump, who is also a co-founder of the firm, purchased 285,000 shares on Dec. 18. He now owns a total of more than 68 million shares, giving him a 7.4% stake in the company, a filing shows.
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(END) Dow Jones Newswires
January 05, 2026 15:25 ET (20:25 GMT)
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