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American Bitcoin increases holdings by 416 Bitcoins, total holdings rise to 4,783
According to sources from HashChain, American Bitcoin Corp. (Nasdaq: ABTC) has recently significantly increased its Bitcoin holdings. As of December 8th, its Bitcoin reserves have increased to 4,783, a 19.5% increase since November 5th. The company also updated its “Satoshis Per Share (SPS)” to 507, a 17.3% increase for the month. Between December 2nd and 8th, an additional 416 Bitcoins were acquired, mainly from self-mining and strategic purchases. Some of these Bitcoins are used for custody or as collateral for mining equipment purchases with BITMAIN.
$BTC #Cryptocurrency #Blockchain #Bitcoin #CryptoMining #CryptoInvestment