**American Bitcoin Corp. Joins Top 20 Public Bitcoin Treasury Firms with 5,098 BTC Holdings**
American Bitcoin Corp. (Nasdaq: ABTC) has made a significant leap into the top 20 publicly traded companies holding Bitcoin, amassing approximately 5,098 BTC as of December 14. This growth in their strategic reserve comes from a combination of in-house mining operations and strategic market purchases, as disclosed by the company. The total includes Bitcoin held in custody and BTC pledged as collateral for miner purchases under a supply agreement with Bitmain, a leading hardware manufacturer.
This milestone positions American Bitcoin among the largest public Bitcoin holders globally, just over three months after its listing on Nasdaq. The company also reported an increase in its proprietary Satoshis Per Share (SPS) metric, which measures the amount of Bitcoin attributable to each outstanding common share. As of December 8, the SPS reached 507 satoshis per share, reflecting a more than 17% increase in just over a month.
In addition to SPS, American Bitcoin is introducing a new metric called Bitcoin Yield, which tracks the percentage change in SPS over a defined period. These metrics aim to provide investors with clearer insights into their per-share Bitcoin exposure and how that exposure evolves over time. Eric Trump, co-founder and chief strategy officer of American Bitcoin, expressed pride in the company’s rapid growth, stating, “In just over three months since our Nasdaq listing, we have surged past dozens of companies — propelling us into the top 20 publicly traded Bitcoin treasury companies.”
Earlier this month, American Bitcoin reported an addition of approximately 416 BTC in a single week, increasing its holdings from around 4,783 BTC as of December 8. The company emphasizes a long-term accumulation strategy focused on Bitcoin exposure rather than short-term price fluctuations, supported by an operational model designed to maximize BTC retention.
However, the stock of American Bitcoin ($ABTC) faced challenges in early December, plummeting over 50% shortly after markets opened, which led to multiple trading halts and erased months of speculative gains. The stock hit an intraday low of $1.75 before experiencing a slight recovery, although it remained down over 35% at the time of reporting. This sell-off coincided with a broader downturn in the cryptocurrency markets, where Bitcoin had dipped into the mid-$85,000 range, exacerbated by nearly $1 billion in leveraged crypto positions being liquidated the day prior.
As Bitcoin now trades above $87,000, the future trajectory of $ABTC shares remains uncertain, but the company’s strategic focus on Bitcoin accumulation positions it well for potential recovery.
**FAQ**
**What is American Bitcoin Corp.’s current Bitcoin holding?**
American Bitcoin Corp. currently holds approximately 5,098 BTC, placing it among the top 20 publicly traded Bitcoin treasury companies.
