A duo of leading U.S. corporate bitcoin holders increased their investments on Monday.
American Bitcoin Corp. (ABTC) reported the acquisition of 1,414 BTC, raising its total to 3,865 BTC as of Oct. 24. The firm also launched a new “Satoshis Per Share” (SPS) metric, providing shareholders with clearer visibility into their indirect Bitcoin exposure through equity.
Meanwhile, Michael Saylor’s Strategy (MSTR) announced the purchase of 390 BTC for $43.4 million at an average price of $111,053 each, increasing its total holdings to 640,808 BTC — valued at approximately $71 billion at current market rates. Strategy’s year-to-date bitcoin yield has reached 26%.
Strategy was the pioneer among publicly traded companies accumulating substantial bitcoin, a strategy now replicated by many others, with American Bitcoin among them.
Created from a merger between American Data Centers, the venture of President Donald Trump’s sons, and Gryphon Digital Mining, mining firm American Bitcoin went public on Nasdaq in September.
Digital Asset Treasury Companies are under increased scrutiny not only due to recent pressure on BTC’s price, which diminishes the value of their assets, but also because of tighter regulatory oversight from exchanges.
ABTC rose over 10% to $6.20 on Monday morning, aided by a rebound in bitcoin’s price, which regained $115,000 late on Sunday. MSTR experienced a more modest increase of around 1.8% to trade just below $295.
