American Bitcoin Corp. (Nasdaq: ABTC) has announced the acquisition of an additional 1,414 Bitcoin, bringing its total reserves to 3,865 BTC as of October 24. The company, co-founded by Eric Trump, is actively working to establish itself as a significant player in building America's Bitcoin infrastructure backbone through a combination of mining operations and strategic Bitcoin accumulation.
This new milestone represents a notable expansion of American Bitcoin's long-term treasury strategy. According to the company, a portion of its Bitcoin holdings are currently held in custody or pledged for miner purchases under an agreement with BITMAIN, indicating a hybrid approach that balances on-chain reserves with production-driven growth.
To enhance transparency for its shareholders, American Bitcoin has introduced a new performance metric called Satoshis Per Share (SPS). This metric is designed to quantify the amount of Bitcoin that backs each share of the company's stock. It is calculated by dividing the total Bitcoin holdings, expressed in satoshis, by the total number of outstanding shares.
Eric Trump, Co-founder and Chief Strategy Officer, commented on the new metric and the company's strategy: "We believe one of the most important measures of success for a Bitcoin accumulation platform is how much Bitcoin backs each share. As part of that conviction, we’re committed to providing transparent updates as we continue to grow our holdings."
Executive Chairman Asher Genoot highlighted the advantages of the company's integrated mining operations: "By producing Bitcoin directly, we can reduce our average cost per BTC, giving us an edge over treasury vehicles that only buy on the open market. That structural advantage enables us to compound Bitcoin value per share more efficiently for our investors."
American Bitcoin's approach to accumulation reflects a broader trend among U.S.-based firms that are integrating Bitcoin mining, treasury management, and on-chain transparency. As institutional adoption of Bitcoin continues to accelerate and corporate treasuries increasingly incorporate Bitcoin reserves, ABTC's vertically integrated model positions it to play a crucial role in advancing America's digital asset infrastructure.
The company's latest acquisition further solidifies its growing influence within the U.S. Bitcoin ecosystem. This influence is characterized by an alignment of financial transparency, national energy utilization, and the strategic objective of American-led Bitcoin independence.