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American Bitcoin (ABTC) Strengthens $415M BTC Treasury with Dual Expansion Strategy
American Bitcoin (ABTC), the Bitcoin mining firm backed by President Donald Trump’s sons, has expanded its BTC reserves to 4,004 Bitcoin (BTC), now valued at approximately $415 million. The company added 139 BTC through a combination of mining and strategic at-market purchases.
As of publication, ABTC’s share price fluctuated between $4.08 and $4.65, closing with a 2.20% gain at $4.64. The company stated that its BTC holdings include coins held in custody or pledged for miner purchases under its ongoing BITMAIN agreement.
Transparency and SPS Updates
In a recent statement, ABTC reaffirmed its commitment to transparency, promising to continue publishing SPS (Satoshi Per Share) updates. This metric provides investors with a clearer view of their indirect Bitcoin exposure through the company’s equity structure.
Eric Trump Outlines Dual Expansion Strategy
Eric Trump, ABTC’s co-founder and chief strategy officer, revealed that the company is pursuing a dual strategy to expand its Bitcoin holdings both rapidly and cost-effectively. The approach combines scaled mining operations with disciplined at-market BTC purchases.
Trump highlighted that ABTC’s SPS currently stands at 432, marking a 3.35% rise in just 12 days. The firm’s BTC reserve increased from 3,865 BTC on October 24 to 3,960 BTC on November 3, before gaining an additional 44 BTC to reach its current total.
According to a recent U.S. SEC filing, ABTC funds its Bitcoin purchases primarily through proceeds generated under its at-the-market (ATM) equity offering program. The company issued over 16.5 million shares of Class A common stock, raising about $123.9 million in gross proceeds while incurring roughly $2.1 million in issuance costs.
Analysts Weigh In on ABTC’s Stock Valuation
Analysts from Simply Wall St recently assessed ABTC’s valuation amid its sharp share price pullback. The stock has dropped 5% in five days, 12% in a week, and 33% over the past month. While some investors see the decline as a concern, others question whether this could mark a potential bargain opportunity or if the market has already priced in future prospects.
Despite recent volatility, analysts noted that ABTC’s momentum looked stronger earlier, though ongoing uncertainty continues to keep cautious investors on the sidelines.
