"American Bitcoin Corp. (Nasdaq: ABTC) has entered the top 20 publicly traded bitcoin treasury companies by holdings after growing its strategic reserve to approximately 5,098 BTC as of December 14, according to company disclosures. The Miami-based firm said its bitcoin was accumulated through a combination of in-house mining and strategic market purchases. The total includes bitcoin held in custody as well as BTC pledged as collateral for miner purchases under a supply agreement with hardware manufacturer Bitmain, per the company release. Based on rankings from BitcoinTreasuries.net, the milestone places American Bitcoin among the largest public bitcoin holders globally, just over three months after its Nasdaq listing."
"As part of its treasury reporting, the company also highlighted growth in its proprietary Satoshis Per Share (SPS) metric, which measures the amount of bitcoin attributable to each outstanding common share. As of December 8, SPS stood at 507 satoshis per share, representing a more than 17% increase in just over one month. American Bitcoin is also introducing a new disclosure metric, Bitcoin Yield, which tracks the percentage change in SPS over a defined period. The company said the combined metrics are intended to give investors clearer insight into both per-share bitcoin exposure and how that exposure evolves over time."
""I am incredibly proud of our tremendous growth," said Eric Trump, co-founder and chief strategy officer of American Bitcoin. "In just over three months since our Nasdaq listing, we have surged past dozens of companies - propelling us into the top 20 publicly traded bitcoin treasury companies." Earlier this month, American Bitcoin reported adding roughly 416 BTC in a single week, lifting holdings from approximately 4,783 BTC as of December 8."
American Bitcoin Corp. grew its strategic reserve to approximately 5,098 BTC as of December 14, placing the company among the top 20 publicly traded bitcoin treasury holders. The Miami-based firm accumulated bitcoin through in-house mining and strategic market purchases, including BTC held in custody and BTC pledged as collateral under a supply agreement with Bitmain. The company reported SPS at 507 satoshis per share as of December 8, reflecting over a 17% month-over-month increase, and introduced a Bitcoin Yield metric to track percentage change in SPS. Earlier in December, the firm added roughly 416 BTC in a single week.
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