"American Bitcoin Corp. (Nasdaq: ABTC) continued to expand its BTC treasury, adding roughly 416 BTC over the past week and lifting total holdings to about 4,783 BTC as of Dec. 8, according to a company update released Wednesday. The latest additions bring American Bitcoin's reserve to one of the largest among U.S.-listed companies focused on BTC accumulation. The holdings were built through a mix of in-house mining and strategic market purchases, the company said."
"The measure reflects the amount of BTC attributable to each outstanding common share and is intended to give equity investors clearer visibility into their indirect exposure to BTC through the company's stock. Eric Trump, American Bitcoin's co-founder and chief strategy officer, said the pace of accumulation reflects the company's operating model and cost structure. In comments included with the update, Trump said the firm has built "one of the largest and fastest growing bitcoin accumulators" within three months of listing, supported by margins designed to favor long-term value creation rather than short-term price moves."
American Bitcoin Corp. increased its BTC treasury by roughly 416 BTC in one week, bringing total holdings to about 4,783 BTC as of Dec. 8. Holdings were accumulated through a mix of in-house mining and strategic market purchases and include BTC held in custody or pledged as collateral for miner purchases under a supply agreement with Bitmain. Proprietary Satoshis Per Share (SPS) rose to 507, up more than 17% in just over a month, reflecting BTC attributable to each outstanding common share. Co-founder Eric Trump said the pace reflects the company's operating model and margins favor long-term value creation. ABTC shares traded modestly higher but remain below recent highs after a Dec. 2 selloff tied to freely tradable pre-merger shares. Other newly listed firms, including ProCap Financial, are also expanding BTC reserves.
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