American Bitcoin Corp (NASDAQ:
ABTC) is
one of the best penny stocks to buy for 2026. On December 16, American Bitcoin Corp (NASDAQ:ABTC) reiterated that it is one of the 20 publicly traded Bitcoin treasury companies by holdings. That’s in part because it held 5,098 Bitcoin in strategic reserves as of December 14.
The company has successfully accumulated Bitcoin through a combination of mining operations and strategic purchases. It also holds Bitcoin in custody in addition to being pledged for miner purchases under an agreement with BITMAIN. Amid the soaring BTC holdings, the company is introducing a Bitcoin Yield Metric to complement its Satoshis Per Share disclosure. The new metric measures the percentage change in SPS over defined periods, thereby informing investors about how Bitcoin evolves.
“In just over three months since our Nasdaq listing, we have surged past dozens of companies with our Bitcoin reserve now exceeding 5,098 BTC,” said Eric Trump, Co-Founder and Chief Strategy Officer of American Bitcoin.
On December 10, Roth MKM analyst Darren Aftahi initiated coverage of the stock with a Buy rating and a $4 price target.
American Bitcoin Corp (NASDAQ:ABTC) is a Bitcoin mining and treasury management company, majority owned by Canadian miner Hut 8 Mining. It provides computing power to mining pools, which use it to operate nodes and validate blocks on the blockchain.
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Disclosure: None. This article is originally published at
Insider Monkey.
