American Bitcoin is rapidly approaching a 4,000 BTC treasury, with its holdings now at 3,865 BTC following a disciplined period of accumulation and mining.
Summary
- American Bitcoin lifts its treasury to 3,865 BTC after a major acquisition and mining gains.
- The company’s new Satoshis Per Share metric shows a 52% increase since early September.
- Corporate Bitcoin accumulation continues despite recent BTC price turbulence.
According to a press release dated Oct. 27, American Bitcoin Corp. executed a significant accumulation play, acquiring 1,414 Bitcoin (BTC). This purchase, combined with its ongoing mining output, propelled the Nasdaq-listed company’s total holdings to 3,865 BTC as of October 24, placing it within striking distance of the 4,000 Bitcoin treasury milestone.
American Bitcoin’s leadership framed the move as part of a long-term plan to structure the business around retaining mined supply rather than liquidating to cover operations, noting that some of the holdings are pledged under a miner purchase agreement.
“By producing Bitcoin directly, we can reduce our average cost per Bitcoin to drive a cost advantage over vehicles that buy exclusively on the open market. That structural advantage allows us to compound Bitcoin value per share more efficiently for our investors,” Asher Genoot, Executive Chairman of American Bitcoin, said.
A new performance lens for Bitcoin treasury growth
To provide investors with a clearer view of this Bitcoin-centric strategy, American Bitcoin has introduced a new reporting metric known as Satoshis Per Share, or SPS. This figure quantifies the amount of Bitcoin backing each individual share of the company’s stock. As of October 24, the company reported an SPS of 418, representing a 52 percent increase since the beginning of September.
Management argues that this provides investors with a more direct way to evaluate the company’s progress in building a reserve that strengthens equity rather than depending on speculative narratives about future hashrate or revenue growth.
The timing of American Bitcoin’s update is hardly incidental. The company continued buying and holding into a market that has been working through a turbulent month. According to crypto.news data, Bitcoin spent four consecutive sessions below $110,000 between Oct. 16 and Oct. 20 before recovering some ground and trading above $115,000 through Monday.
American Bitcoin is not alone in seeing opportunity in recent price dips. On the same day, Strategy, the world’s largest corporate holder of Bitcoin, announced its own latest acquisition. The company added 168 Bitcoin to its legendary treasury, bringing its colossal stash to 640,418 BTC. Notably, Strategy funded this purchase through the sale of preferred stock, skipping a common equity issuance for the third week in a row.
