American Bitcoin Corp acquires 416 BTC, boosting holdings to 4,783 BTC
American Bitcoin Corp acquired 416 BTC, increasing its total holdings to 4,783 BTC, valued over $440 million.Summary
American Bitcoin Corp announced the purchase of 416 Bitcoin, raising its total holdings to 4,783 BTC, which is valued at over $440 million based on current market prices. The company noted that its Satoshis Per Share metric increased by over 17% in the last month, attributing the rapid reserve expansion to the strength of its accumulation model since its Nasdaq listing. Co-founder Eric Trump emphasized that they have become one of the largest and fastest-growing Bitcoin accumulators since listing, supported by a structure positioned for long-term value creation. Despite the positive acquisition news, ABTC shares closed up only about 1.5% on Tuesday, having faced recent selling pressure after pre-merger private placement shares became eligible for public trading.
(Source：Crypto Briefing)