Shares of American Bitcoin Corp (ABTC) surged 10.44% in Friday's trading session, as the company's executive chairman Eric Trump outlined the firm's strategy focused on Bitcoin accumulation. The stock's significant rise comes amid a broader rally in crypto-related stocks, driven by Bitcoin's climb to $113,000.

In an interview with CNBC, Trump emphasized that American Bitcoin's primary goal is "a race to accumulate the most Bitcoin." He positioned Bitcoin as a central long-term asset, describing it as "one of the greatest assets out there" and "the ultimate hedge against other hard assets like real estate." Trump also noted accelerating demand for Bitcoin among sovereign wealth funds, Fortune 500 companies, and institutional investors.

The surge in ABTC's stock price aligns with the broader crypto market's positive sentiment. Bitcoin's rise to $113,000 has lifted various crypto-related stocks, with American Bitcoin leading the pack. The company's focus on Bitcoin accumulation appears to resonate with investors seeking exposure to the cryptocurrency's potential growth through publicly traded equities.