Oct 27, 2025
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American Bitcoin Acquires 1,414 BTC; BlackRock Transfers $118M BTC
American Bitcoin's Strategic Moves
- American Bitcoin, backed by the Trump family, acquired 1,414 BTC, increasing its total holdings to 3,865 BTC.
- The firm is the 26th largest corporate holder of Bitcoin.
- ABTC shares rose 11.5% following the acquisition announcement.
- A new metric, Satoshis Per Share (SPS), was introduced to measure Bitcoin owned per shareholder.
BlackRock's Significant Transfer
- BlackRock transferred $118 million in Bitcoin and $107 million in ETH to Coinbase Prime.
- This could be part of liquidity adjustments or ETF-related rebalancing.
Bitcoin Market Analysis
- Bitcoin's price reached $115,000, with a 1.4% increase over the past 24 hours.
- Trading volume doubled on October 27, indicating increased market activity.
- Bitcoin broke through resistance zones, leading to renewed market confidence.
- Nearly 7 million BTC are back in profit, with short-term holders showing bullish conviction.
- However, the TD sequential indicator suggests potential profit-taking pressure soon.
