Executive Summary
The Story So Far
Why This Matters
Who Thinks What?
American Bitcoin (ABTC) significantly increased its strategic Bitcoin reserve, acquiring 1,414 BTC during the period ending October 24, 2025. This acquisition brings the company’s total Bitcoin holdings to 3,865 BTC, according to a recent company press release. The firm also reported a 52% increase in its sats-per-share metric, reaching 418 since September 1.
Strategic Acquisitions and Mining Operations
The latest Bitcoin purchases were financed through a combination of open-market buys and the company’s integrated mining operations. American Bitcoin emphasized that its mining activities allow it to acquire BTC at a lower average cost compared to third-party acquisitions.
As of October 24, ABTC held 3,865 BTC, which includes holdings in custody and Bitcoin pledged for miner purchases under its agreement with Bitmain. This represents a substantial increase from the 2,451 BTC held on September 1.
Transparency Through Sats-Per-Share
Management announced it would begin providing periodic updates on its Satoshis per Share (SPS) metric. This figure is calculated by multiplying total Bitcoin holdings by 100 million satoshis per coin, then dividing by the outstanding share count.
This new transparency measure aims to highlight the company’s commitment to compounding Bitcoin per share. Co-founder and Chief Strategy Officer Eric Trump stated, “We believe one of the most important measures of success for a Bitcoin accumulation platform is how much Bitcoin backs each share.”
Executive Chairman Asher Genoot added that the company’s integrated mining operations provide a structural cost advantage over entities that rely solely on open-market purchases for Bitcoin acquisition.
Key Takeaways
American Bitcoin’s substantial increase in its strategic Bitcoin reserve underscores its focus on accumulating the digital asset, leveraging both market purchases and its mining capabilities. The introduction of regular sats-per-share updates aims to enhance investor transparency and demonstrate the company’s long-term strategy for shareholder value.
