American Bitcoin ($ABTC) Enters Top 20 Public Bitcoin Treasury Companies, Holds 5,098 BTC

American Bitcoin Corp. (Nasdaq: ABTC) has joined the top 20 publicly traded companies holding Bitcoin, reporting a strategic reserve of approximately 5,098 BTC as of December 14. This reserve was accumulated through in-house mining and strategic purchases, including BTC held in custody and pledged as collateral for hardware purchases from Bitmain. The Miami-based firm also highlighted growth in its proprietary Satoshis Per Share (SPS) metric, which reached 507 satoshis per share, and introduced a new Bitcoin Yield metric to track SPS changes. Co-founder Eric Trump expressed pride in this rapid ascent following their Nasdaq listing. Despite this treasury milestone, the $ABTC stock experienced a significant plunge of over 50% shortly after early December trading, linked to broader crypto market volatility, though the company maintains a long-term BTC retention strategy.

(Source：Bitcoin Magazine)