Popular CNBC host Jim Cramer is well-known for his hot takes on the stock market and emerging stocks. His shows “Mad Money” and “Squawk on the Street” draw viewers from all across the U.S. and traders are keen to learn about his views on their buys.
On Sep. 25, Peter from New York called Cramer and asked him about his views on the American Bitcoin (Nasdaq: ABTC) stock.
American Bitcoin is a Bitcoin mining firm that President Donald Trump’s sons Donald Jr. and Eric co-founded in March 2025. Majority owned by Hut 8 (Nasdaq: HUT), the Trump siblings are among the minority holders.
Jim Cramer said of ABTC,
“This is a total spec.”
Though ABTC is a very inexpensive stock, it is speculative, he added.
“It’s your one spec, as I say, in how to make money…But that could lose everything. Just so long as you know that, that’s fine.”
The company merged with Gryphon Digital Mining to debut on Wall Street on Sep. 3. Since then, the stock’s price has declined from $8.32 to close at $6.58 on Sep. 26.
Cramer also talked about another Bitcoin mining stock, IREN Limited (Nasdaq: IREN), on Sep. 25.
IREN is looking to pivot to AI but CoreWeave (Nasdaq: CRWV) already took that route, he reminded the audience. IREN is profitable and its stock has rallied 380% within a year, he commented.
“Too hot.”
The company’s stock fell around 10% to close at $41.86 on Sep. 26.
Bitcoin has fallen more than 5% over the last week and was trading at $109,439.91 at the time of writing, as per Kraken’s price feed.
This story was originally reported by TheStreet on Sep 27, 2025, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.