Trump-Backed American Bitcoin Boosts Holdings to Nearly 4,000 BTC
The post Trump-Backed American Bitcoin Boosts Holdings to Nearly 4,000 BTC appeared on BitcoinEthereumNews.com.
Bitcoin American Bitcoin Corp. has quietly climbed into the upper ranks of corporate Bitcoin holders, boosting its reserves to 3,865 BTC — a cache worth about $445 million at current market prices. The company, which operates both as a miner and long-term accumulator, revealed that roughly 1,400 BTC were added since September as part of its ongoing accumulation strategy. Emerging from a spinoff of Hut 8 earlier this year, American Bitcoin has evolved from a traditional mining venture into what it calls a “Bitcoin accumulation platform.” Its reserves have grown more than sevenfold since launch, positioning the firm as the 26th-largest public holder of Bitcoin worldwide. Executives say the focus is not just on mining efficiency but on maximizing Bitcoin ownership per share — a goal they’ve formalized through a new performance metric. Measuring Bitcoin Value Per Share To give investors a clearer sense of exposure, the company has introduced “Satoshis Per Share” (SPS) — a figure representing how much Bitcoin each share indirectly holds. As of October, American Bitcoin’s SPS stands at 418, up more than 50% since early September. Co-founder Eric Trump, who oversees strategy, described SPS as a “transparent way to measure the company’s real Bitcoin growth,” adding that regular updates will be issued as holdings expand. Much of the firm’s growth stems from a blend of direct market purchases and self-mined production, supported by long-term agreements with key industry players. Earlier this year, American Bitcoin pledged a portion of its holdings as collateral to Bitmain to secure over 16,000 Antminer units, which are being deployed at Hut 8’s massive Vega mining facility in Texas. Once fully operational, the site is expected to push American Bitcoin toward 25 exahashes per second of hashrate capacity. Building an Advantage Through Integration Executive Chairman Asher Genoot says American Bitcoin’s vertically…
