Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
American Bitcoin boosts treasury as SPS jumps after 416 BTC accumulation
Summary
American Bitcoin Corp. acquired 416 Bitcoin during the week ending December 8, bringing the company’s total holdings to approximately 4,783 BTC, according to company disclosures and market reports.
American Bitcoin continues to stockpile cryptocurrency
The purchase combined mined coins and market acquisitions, the company stated. The addition positions the firm among larger corporate Bitcoin holders and expands the amount of Bitcoin held for treasury purposes, according to reports.
The company’s shares have declined more than 70% from earlier highs since its market debut in September, facing volatile trading as lock-up periods and market fluctuations occurred. Analysts continue to cover the stock, though investor caution has persisted despite the firm’s expanding Bitcoin holdings.
The reported total includes coins held in custody and some pledged under agreements tied to miner purchases, the company noted. A portion of the BTC (BTC) originates directly from mining operations while other portions were purchased on the market, according to the disclosure. The mixed supply route indicates not all additions represent open-market purchases, with some classified as internal production converted to treasury holdings.
The company’s Satoshis Per Share (SPS) metric increased as a result of the accumulation, according to the latest breakdown. The metric provides investors with a measurement of Bitcoin represented per share. Market observers have used the SPS figure to compare the company’s treasury strength against other public firms, while analysts have referenced the metric in research notes alongside observations about recent stock pressure.
American Bitcoin Corp. launched with backing from the Trump family and other partners, according to reports. The company’s public profile has been elevated due to the involvement of Eric Trump and Donald Trump Jr., with President Donald Trump referenced as part of the broader family context that has drawn attention to the business, reports stated.