Key Takeaways
- American Bitcoin Corp. now holds 4,004 Bitcoin after acquiring 139 more since October 24.
- The company’s Satoshis Per Share metric increased by 3.4% in 12 days, reaching 432 as of November 5.
Nasdaq-listed American Bitcoin, co-owned by President Trump’s sons, continues to scale its Bitcoin accumulation strategy, raising its holdings to 4,004 BTC after acquiring 139 more since October 24, according to a Friday announcement.
The holdings, as of November 5, include Bitcoin acquired through mining and strategic purchases, as well as Bitcoin held in custody or pledged for miner purchases under an agreement with BITMAIN.
The company’s Satoshis Per Share metric, which reflects the amount of Bitcoin attributable to each outstanding share of common stock, reached 432 as of November 5, representing a 3.4% increase over 12 days.
“We continue to expand our Bitcoin holdings rapidly and cost-effectively through a dual strategy that integrates scaled Bitcoin mining operations with disciplined at-market purchases,” said Eric Trump.
Source: https://cryptobriefing.com/american-bitcoin-holdings-growth/