Michael Broukhim Buys Shares of American Bitcoin Corp

Michael Broukhim recently purchased 270,701 shares of American Bitcoin Corp, trading on the NasdaqCM under the ticker ABTC. This transaction took place on June 22, 2026. On the day of the purchase, shares were trading near $0.77.

Insider Buying and Selling at American Bitcoin Corp

On June 22, 2026, Michael Broukhim acquired 270,701 shares of American Bitcoin Corp. The transaction was not part of a pre-planned trading program. Additionally, Richard Busch and Justin Mateen were involved in transactions on the same day, with Busch selling 254,778 shares and Mateen also disposing of 254,778 shares.

Other Institutional Activity in American Bitcoin Corp

Institutional investors have been active in American Bitcoin Corp. BlackRock, Inc. increased its holdings by 265,837 shares, bringing its total to 3,648,400 shares valued at approximately $3.37 million, marking a 7.9% increase. HRT Financial LP significantly boosted its stake by 2,613,740 shares to a total of 3,131,876 shares, valued at about $2.9 million, reflecting a 504.5% increase. Meanwhile, Citadel Advisors LLC added 1,249,311 shares, resulting in a total of 1,765,180 shares worth $1.63 million, a 242.2% increase.

American Bitcoin Corp Stock Down 90.0%

As of Thursday, shares of American Bitcoin Corp traded near $0.77. The company, which focuses on Bitcoin mining and accumulation, has a market cap of approximately $862.8 million. It has a forward P/E ratio of 40.6 and a beta of 0.77. The stock's 52-week low is $0.77, and its high is $14.52. The 50-day moving average is $1.07, while the 200-day moving average is $2.76. The company maintains a current ratio of 0.126 and a quick ratio of 0.12, with a debt-to-equity ratio of 29.137.

Recent Earnings

American Bitcoin Corp reported revenue of $234.9 million, with a revenue growth rate of 4.0%. However, it posted a net margin of -57.18% and a return on equity of -33.15%. The company is not currently profitable, as indicated by its negative earnings per share (EPS) of -$0.13. The next earnings report is anticipated on July 29, 2026.

Analysts Set New Price Targets

Analysts have shown interest in American Bitcoin Corp. On February 2, 2026, HC Wainwright & Co. initiated coverage with a buy rating and a price target of $4.00. Similarly, Roth Capital also initiated coverage with a buy rating and a $4.00 price target on December 10, 2025. The consensus price target for the stock is $4.00, based on one analyst opinion.

About American Bitcoin Corp

American Bitcoin Corp is a company engaged in developing a Bitcoin infrastructure platform. It operates application-specific integrated circuit miners to mine Bitcoin and strategically accumulate a Bitcoin reserve. The company is based in Miami, Florida, and acts as a subsidiary of Hut 8 Corp. Under the leadership of CEO Michael Ho, the firm is part of the financial services sector, focusing on capital markets.

Bottom Line

Michael Broukhim's recent acquisition of shares in American Bitcoin Corp reflects ongoing interest in the company's activities. While the stock has experienced significant volatility, trading between $0.77 and $14.52 over the past year, institutional investors continue to adjust their positions. As always, it's important to remember that insider transactions are reported after the fact and may not indicate future stock performance.