American Bitcoin Corp. (Nasdaq: ABTC) has continued to grow its BTC treasury, acquiring approximately 416 BTC in the past week and raising its total holdings to around 4,783 BTC as of December 8, based on a company update released on Wednesday.
These recent additions position American Bitcoin’s reserve among the largest for U.S.-listed companies focused on BTC acquisition. The total was achieved via a combination of in-house mining activities and strategic market purchases, according to the company.
The total also encompasses BTC held in custody or used as collateral for miner purchases under a supply agreement with the hardware manufacturer Bitmain.
Since listing on Nasdaq earlier this year, American Bitcoin has also reported an increase in its proprietary “Satoshis Per Share” metric, or SPS.
As of December 8, SPS was recorded at 507, reflecting a rise of over 17% in just more than one month. This metric indicates the amount of BTC attributable to each outstanding common share, providing equity investors clearer insight into their indirect exposure to BTC via the company’s stock.
Eric Trump, co-founder and chief strategy officer of American Bitcoin, noted that the firm’s accumulation rate illustrates its operational model and cost structure.
In remarks included with the update, Trump stated that the company has developed “one of the largest and fastest growing bitcoin accumulators” within three months of going public, with margins aimed at fostering long-term value creation rather than reacting to short-term market fluctuations.
Shares of ABTC saw a slight increase in early Wednesday trading, although the stock remains significantly lower than recent peaks following a sharp decline earlier this month.
On December 2, ABTC shares plummeted by approximately 50% in one day after pre-merger private placement shares became freely tradable, increasing supply and impacting the stock adversely.
Anthony Pompliano’s ProCap Financial increases Bitcoin holdings
American Bitcoin’s expansion aligns with the growth of BTC reserves at other newly listed companies. ProCap Financial (Nasdaq: BRR), under the leadership of Anthony Pompliano, announced this week that it has raised its holdings to 5,000 BTC by adding 49 BTC following the completion of its SPAC merger.
ProCap reported the acquisition was structured to achieve a tax loss that could counterbalance future gains, a strategy the firm labels as shareholder-friendly capital allocation.
Pompliano characterized the decision as part of a larger plan to optimize long-term BTC accumulation while ensuring balance-sheet flexibility. ProCap disclosed holding over $175 million in cash, which it stated allows for further purchases and operational capabilities.
Despite the recent purchasing activity, shares of both companies are still under pressure. BRR stock has decreased more than 60% in recent days.
Data from bitcointreasuries.net shows that ProCap and American Bitcoin now rank among the leading publicly traded companies holding BTC, placing 21st and 22nd, respectively.
