The Bitcoin mining and treasury management firm American Bitcoin has announced the acquisition of 1,414 BTC, worth approximately $163 million. Following the transaction, the company’s total Bitcoin reserves have surged to 3,865 BTC, valued at around $443 million at the time of writing.
According to the announcement, American Bitcoin’s holdings have grown by 82% since its previous quarterly report — marking one of the most aggressive Bitcoin accumulation strategies among public miners.
Co-founded by Eric Trump, the company continues to pursue a dual strategy of mining and direct BTC purchases, aiming to reduce the average cost per coin and strengthen its balance sheet despite recent market volatility. The firm maintained its accumulation strategy even during October 2025’s correction, when Bitcoin briefly dropped to $102,000.
“Mining gives us a structural advantage over firms that only buy Bitcoin on the open market,” said Asher Jenut, Executive Chairman of American Bitcoin. “It allows us to maintain profitability and resilience even when prices decline.”
Following the announcement, American Bitcoin’s stock price surged by more than 11%, momentarily trading above $6.40, according to TradingView data. Prior to the news, the shares had lingered below $6 for two weeks amid broader crypto market weakness.
The company also introduced a new transparency metric — Satoshi Per Share (SPS) — representing the number of Bitcoin units backing each outstanding share. This measure, the firm says, will be updated regularly to reflect real-time treasury performance.
American Bitcoin was formed in spring 2025 through a merger of Hut 8 and Gryphon Digital Mining, creating one of the fastest-growing public mining entities in the U.S. The firm operates out of Florida, focusing on scaling its mining infrastructure and treasury strategy.
Earlier reports indicated that Bitcoin miners’ debt levels have surged by nearly 500% over the past year, reaching an estimated $13 billion, highlighting the growing financial pressures in the sector despite rising BTC adoption.
