American Bitcoin Corp., a Nasdaq-listed bitcoin mining and accumulation firm co-founded by Eric and Donald Trump Jr., has added 1,414 bitcoins, worth more than $160 million, to its reserves, pushing it into the top 25 public holders of the asset, according to a release.
As of Oct. 24, the company holds 3,865 BTC, worth nearly $450 million, obtained through mining output and market purchases, some of which are pledged for miner acquisitions under a deal with Bitmain. The total places American Bitcoin just behind Gemini Space Station and ahead of OranjeBTC, according to BitcoinTreasuries data.
The firm also said it will begin publishing updates on a new transparency metric called Satoshis per Share, which divides total satoshis held by shares outstanding to show investors how much bitcoin backs each share.
“We believe one of the most important measures of success for a bitcoin accumulation platform is how much bitcoin backs each share,” said Eric Trump, who posted on X that the team is “just getting warmed up.”
Executive Chairman Asher Genoot said integrated mining operations help lower the firm’s average cost per bitcoin compared with peers that buy solely on the open market.
American Bitcoin, which debuted on Nasdaq in September, is majority-owned by Hut 8 Mining and aims to combine mining output with treasury accumulation to grow bitcoin exposure per share.
Shares of ABTC rose nearly 12% on Monday to $6.28, though the stock remains below its Nasdaq debut price of around $8 in early September.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
