Strategic Bitcoin Purchase and Treasury Growth
American Bitcoin Corp. (ABTC), a U.S.-based bitcoin mining and treasury management company with backing from Eric Trump, has announced the purchase of an additional 416 Bitcoins. The transaction, valued at $38 million, was executed on December 10, bringing the average acquisition price per Bitcoin to $91,346.
This strategic acquisition significantly increases the company's Bitcoin holdings. According to data from Bitcoin Treasuries, American Bitcoin Corp. now holds a total of 4,783 BTC in its treasury. At current market prices, this substantial reserve is valued at $440.16 million. These holdings include BTC held in custody and those pledged for miner purchases under an agreement with BITMAIN.
With this expanded reserve, American Bitcoin Corp. now ranks 22nd among the largest Bitcoin-holding corporations, positioning it ahead of companies like Gamestop and HIVE Digital Technologies.
The company also provided an update on its Satoshis Per Share (“SPS”) metric, which measures the amount of Bitcoin attributable to each outstanding share of common stock. This metric has seen considerable growth, increasing by over 17% in just over a month.
Eric Trump, Co-founder and Chief Strategy Officer of American Bitcoin, expressed optimism about the company's rapid accumulation of Bitcoin since its Nasdaq listing approximately three months ago. He stated that the company has established itself as one of the largest and fastest-growing Bitcoin accumulators in the market. Trump further emphasized the company's commitment to advancing its Bitcoin reserve strategy to ensure long-term value creation for its investors.
Following the announcement of the BTC purchase, ABTC shares experienced a 1.5% rise on Tuesday. However, the stock's performance has faced challenges in recent periods. Data from Google Finance indicates a 19.42% decline in the company's share price over the past five days and a more than 50% decrease over the last month.
In its third-quarter 2025 financial results, published on November 14, American Bitcoin Corp. reported significant growth. The company added over 3,000 Bitcoin through mining activities and at-market-price purchases. Revenue for the three months ending September 30 reached $64 million, a substantial increase from $11.6 million in the same period the previous year. The net income for the quarter was $3.5 million, a marked improvement from a net loss of $0.6 million recorded in the prior-year period.
Surge in Institutional Interest in Bitcoin Amidst Price Stabilization
The recent purchase by American Bitcoin Corp. underscores a broader trend of renewed institutional interest in Bitcoin. Michael Saylor's company, Strategy (formerly Microstrategy), continues to lead in corporate Bitcoin holdings.
Strategy recently made its largest Bitcoin purchase in months, acquiring $1 billion worth of the cryptocurrency. The company now holds a total of 660,624 BTC, valued at $60.63 billion. Bitcoin Treasuries data indicates that Strategy's average cost per BTC is $74,702, resulting in an unrealized profit of 23.11% at the time of this report.
In parallel, Strive, a U.S.-based asset management firm, has announced a $500 million at-the-market offering program for its Variable Rate Series A Perpetual Preferred Stock (SATA). The proceeds from this offering are intended for Bitcoin purchases and Bitcoin-related products, in addition to covering operational expenses.
Data from ETF tracking website SosoValue reveals that U.S. BTC spot ETFs have collectively registered inflows totaling $151.74 million. Fidelity’s FBTC and Grayscale’s BTC led these inflows, with $198.85 million and $33.79 million, respectively.
Notably, BlackRock’s IBIT was the only ETF to record negative flows, with an outflow of $135.44 million, despite being the largest exchange-traded fund in this category, managing over $60 billion in net assets.
Bitcoin is currently trading around $92,121. According to CoinMarketCap, the cryptocurrency has shown relative stability over the past week, with a slight decrease of 0.83% in the last seven days, while experiencing a 1.12% rise in the past 24 hours.