Strategic Reserve Growth
The Trump brothers-backed mining firm American Bitcoin now controls roughly 4,783 Bitcoin following its latest acquisition of 416 coins worth approximately $38 million. Chief Strategy Officer Eric Trump announced the purchase on Wednesday, highlighting the company's rapid treasury growth since going public three months ago.
The company's satoshis per share metric reached 507, representing a monthly increase exceeding 17%. This figure tracks how much Bitcoin backs each outstanding common stock share, giving equity holders a clearer picture of their indirect cryptocurrency exposure through the publicly traded vehicle.
Company Background and Public Debut
American Bitcoin completed its Nasdaq debut in September through a reverse merger with Gryphon Digital Mining. The Trump brothers and Hut 8, which holds majority ownership, retained roughly 98% of the combined entity following the all-stock transaction that used an exchange ratio of approximately 14.5:1.
Continued Accumulation and Market Position
Eric Trump emphasized the firm's positioning for sustained value creation, citing favorable cost structures and margin profiles. The week prior saw American Bitcoin add 363 Bitcoin to its holdings, demonstrating consistent accumulation activity that has pushed the company into the top 25 public Bitcoin treasury holders globally.
Around the merger period, the firm secured $220 million through equity offerings designated for Bitcoin and mining equipment purchases. Management stated mining operations would serve as the primary method for reserve expansion rather than relying solely on market acquisitions.
The disclosed treasury numbers encompass coins purchased but awaiting wallet settlement, plus Bitcoin held in custody or allocated for miner purchases. This accounting approach provides transparency around the company's total cryptocurrency position across various stages of acquisition and deployment.
Market Context and Future Outlook
Bitcoin climbed 1.4% in the 24 hours leading up to the announcement. Market participants were awaiting Federal Reserve Chair Jerome Powell's interest rate guidance and policy signals that could influence digital asset valuations in coming sessions.
Eric Trump stated the firm maintains laser focus on advancing its strategy and building momentum through the months ahead. The company's rapid accumulation pace since its public listing has established it among the fastest-growing Bitcoin treasury operations in the publicly traded mining sector.