Trump-backed American Bitcoin hits 7,000 BTC as holdings expand rapidly
Satoshis per share climbs past 660, reinforcing rapid treasury expansion since Nasdaq debut.
What to know:
— American Bitcoin reserves reach 7,000 BTC, roughly tripling in under seven months.
— Shares slide even as reserves surge and bitcoin exposure per share climbs.
American Bitcoin (ABTC), the Donald Trump family-backed company, has hit 7,000 BTC in its bitcoin
The firm also reported a more than doubling of its satoshis per share, a metric that reflects the amount of bitcoin attributable to each outstanding share, reaching over 660 satoshis per share and increasing bitcoin exposure for shareholders.
The milestone places ABTC as the 16th-largest publicly traded Bitcoin treasury globally, a jump of 14 positions in under seven months.
Eric Trump, co-founder and chief strategy officer at American Bitcoin, said in a statement that said, «the accumulation machine is running at full throttle, mining at a discount and disciplined buying. No company is climbing the rankings faster. Up we go.”
Despite strong accumulation, shares have struggled, falling 2% on Monday to $0.84. It is down roughly 88% over the past six months.