American Bitcoin Reaches 4,004 BTC In Strategic Reserve

American Bitcoin Corp. now holds 4,004 Bitcoin, cementing its position as a significant corporate holder. The accumulation comes as the company executes its dual strategy of scaled mining and strategic purchases.

Summary

  • American Bitcoin raised its strategic Bitcoin reserve to 4,004 BTC.
  • The Nasdaq-listed company added 139 BTC since October 24 through mining and market purchases.
  • Its Satoshis Per Share metric now stands at 432, showing investor exposure to BTC.

According to a press release dated Nov. 7, American Bitcoin Corp. has raised its strategic Bitcoin (BTC) reserve to approximately 4,004 coins. The increase reflects the acquisition of around 139 BTC since Oct. 24, achieved through a combination of scaled mining operations and at-market purchases.

The Nasdaq-listed company noted it also maintains a Satoshis Per Share metric, providing investors with a transparent view of Bitcoin holdings per share of common stock.

“We continue to expand our Bitcoin holdings rapidly and cost-effectively through a dual strategy that integrates scaled Bitcoin mining operations with disciplined at-market purchases,” American Bitcoin co-founder Eric Trump said. “We’re building momentum with our reserve now at 4,004 Bitcoin and our SPS at 432, an increase of 3.35% in just 12 days.”

American Bitcoin’s aggressive accumulation is rooted in a core belief, as stated on its corporate website, that Bitcoin represents “the gold standard of digital capital.” The company points to the asset’s finite supply of 21 million coins as a primary driver, creating what it terms “gold-like scarcity.”

This philosophy frames Bitcoin not just as a speculative asset, but as a strategic hedge against currency devaluation and geopolitical uncertainty, justifying its long-term treasury strategy irrespective of quarterly price swings.

Central to communicating this strategy is the company’s Satoshis Per Share, or SPS metric, which now stands at 432. The figure is calculated after adjusting all outstanding shares to reflect the recent merger with Gryphon Digital Mining.

It provides a tangible link between equity ownership and the underlying Bitcoin reserve, which includes both unencumbered Bitcoin and a portion pledged as collateral under its hardware agreement with BITMAIN.

American Bitcoin is not alone in its ambition: CoinGecko tracks 124 institutions holding a combined 1,660,618 BTC, worth $169 billion, representing nearly 8% of Bitcoin’s total supply.

This highlights the growing trend of corporate Bitcoin accumulation, even as market conditions remain volatile, with BTC recently dropping 3.06% to $99,679 over 24 hours and declining 9.55% for the week, according to crypto.news data.

RECENT NEWS

Crypto Firms Push Into US Banking

America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more

Ether Surges 16% Amid Speculation Of US ETF Approval

New York, USA – Ether, the second-largest cryptocurrency by market capitalization, experienced a significant surge of ... Read more

BlackRock And The Institutional Embrace Of Bitcoin

BlackRock’s strategic shift towards becoming the world’s largest Bitcoin fund marks a pivotal moment in the financia... Read more

Robinhood Faces Regulatory Scrutiny: SEC Threatens Lawsuit Over Crypto Business

Robinhood, the prominent retail brokerage platform, finds itself in the regulatory spotlight as the Securities and Excha... Read more

Analyst: Bitcoin Price Rejects Key Resistance But Uptrend View Remains Intact

Bitcoin’s price in its early-December drop reflects algorithmic flows, thin liquidity, and a resistance retest, with v... Read more

Ripple Secures Expanded Payment License From The Monetary Authority Of Singapore

Ripple Labs has secured an expanded license from Singapore’s central bank, adding to its already strong regulatory foo... Read more