American Bitcoin Increases Bitcoin Reserve to 4,783 Coins

American Bitcoin Corp. (NASDAQ: ABTC) increased its Bitcoin reserve by acquiring 416 BTC, raising its total to approximately 4,783 BTC.
The acquisition, valued around $38 million at the time of reporting, was a combination of mined coins and market purchases.
This move aligns with the company's strategy to grow its reserve alongside its mining operations, positioning it among larger corporate holders of Bitcoin for treasury purposes.
Despite increasing reserves, ABTC's stock has dropped over 70% since its September debut, experiencing volatility due to lock-up periods and market fluctuations.
The company's Satoshis Per Share (SPS) metric has risen, providing investors insight into the Bitcoin value represented per share.
Coins in custody include those pledged under miner purchase agreements; some are sourced from internal mining operations.
American Bitcoin is notably backed by the Trump family, which has elevated its public profile.