American Bitcoin, a company formed in partnership with Eric Trump's American Data Centers, has significantly increased its Bitcoin holdings, adding approximately $163 million worth of BTC to its treasury. This major acquisition has propelled the company's total Bitcoin reserve to 3,865 BTC as of October 24, 2025.
The company's strategic accumulation of Bitcoin is achieved through both mining operations and strategic purchases. American Bitcoin focuses on building America's Bitcoin infrastructure backbone. American Bitcoin's leadership views this accumulation as a long-term strategy to structure the business around retaining mined supply, rather than liquidating it to cover operational costs. Some of the holdings are pledged under a miner purchase agreement.
Asher Genoot, Executive Chairman of American Bitcoin, stated that producing Bitcoin directly allows the company to reduce its average cost per Bitcoin, creating a cost advantage over entities that rely solely on open market purchases. This structural advantage, according to Genoot, enables American Bitcoin to compound Bitcoin value per share more efficiently for its investors.
To provide investors with a clearer understanding of the company's Bitcoin-centric strategy, American Bitcoin has introduced a new reporting metric called "Satoshis Per Share" (SPS). This metric quantifies the amount of Bitcoin backing each individual share of the company's stock. As of October 24, 2025, the company reported an SPS of 418, representing a 52% increase since the beginning of September. Eric Trump, Co-founder and Chief Strategy Officer of American Bitcoin, believes that SPS is one of the most important measures of success for a Bitcoin accumulation platform. He emphasized the company's commitment to providing transparent updates as it aims to increase its holdings.
American Bitcoin Corp. is trading under the ticker ABTC. The company aims to establish America as the leader in the global Bitcoin economy.
It's worth noting that while American Bitcoin is increasing its BTC holdings, a crypto whale recently made a $163 million bet against Bitcoin, opening a short position on the decentralized derivatives exchange Hyperliquid. This move has sparked speculation about potential insider trading, especially since the trader reportedly profited $192 million by shorting Bitcoin just before Trump's tariff announcement.
