Key Takeaway: American Bitcoin Corp. stock rallies as company adds 1,414 BTC to reserves, bringing total holdings past $445 million. American Bitcoin Corp., the cryptocurrency mining venture backed by President Donald Trump’s sons, experienced a significant stock rally on Monday following the announcement of a major Bitcoin acquisition that substantially expands the company’s digital asset reserves.
The Miami-based firm revealed it has acquired 1,414 Bitcoin for approximately $163 million, pushing its total holdings to 3,865 BTC valued at roughly $446 million at current market prices. The acquisition, completed as of October 24, 2025, represents one of the company’s largest single additions since its Nasdaq debut in early September.
Strategic Accumulation Through Mining and Purchases
American Bitcoin employs what executives describe as a “differentiated, dual accumulation strategy” that combines self-mining operations with strategic open-market purchases. This integrated approach provides a structural cost advantage over competitors that rely exclusively on buying Bitcoin at market rates.
“By mining Bitcoin directly, we can lower our average cost per Bitcoin, giving us a competitive edge over entities that solely purchase on the open market,” stated Asher Genoot, Executive Chairman of American Bitcoin and CEO of Hut 8 Corp., the Canadian mining firm that holds approximately 80 percent of American Bitcoin’s equity.
Eric Trump, who serves as Co-founder and Chief Strategy Officer, emphasized the company’s long-term vision in Monday’s announcement. “One of the most crucial metrics for a Bitcoin accumulation platform is how much Bitcoin backs each share,” Trump stated. “As part of that conviction, we are focused on providing transparent updates as we aim to increase our holdings.”
New Transparency Metric Unveiled
Alongside the acquisition announcement, American Bitcoin introduced the Satoshis Per Share (SPS) metric, designed to give investors clearer insight into their indirect Bitcoin ownership. The SPS figure stood at 418 as of October 24, representing a 52 percent increase since September 1, when the company began trading on Nasdaq.
The metric is calculated by converting the company’s total Bitcoin holdings to Satoshis—with one Bitcoin equaling 100 million Satoshis—and dividing by the total number of common shares outstanding. This approach mirrors strategies employed by other Bitcoin treasury companies, most notably Strategy (formerly MicroStrategy), which has become the largest corporate holder of Bitcoin.
Rapid Growth Since Nasdaq Debut
American Bitcoin’s journey to public markets began with a stock-for-stock merger with Gryphon Digital Mining, a Nasdaq-listed Bitcoin miner, which closed on September 3, 2025. The company’s first trading day was marked by dramatic volatility, with shares surging as much as 85 percent intraday before settling with a 16.5 percent gain.
Following Monday’s Bitcoin acquisition announcement, ABTC stock gained more than 11 percent during regular trading hours. The company has grown its Bitcoin holdings by approximately 58 percent in less than two months, from roughly 2,443 BTC at debut to 3,865 BTC currently.
Mining Infrastructure Powers Growth
The company operates Bitcoin mining facilities across multiple sites in North America, including locations in Niagara Falls, New York; Orla, Texas; Medicine Hat, Alberta; and the Texas Panhandle. Through its partnership with Hut 8, American Bitcoin accesses cutting-edge ASIC mining technology, with over 60,000 miners currently operational.
Between April and May 31, 2025, the company mined 215 Bitcoin through its operations, demonstrating the ongoing revenue stream from mining activities separate from market purchases. This dual approach allows American Bitcoin to accumulate digital assets while maintaining lower average acquisition costs compared to pure treasury strategies.
Political Dimensions and Scrutiny
The Trump family’s expanding cryptocurrency empire has attracted intense scrutiny from Democratic lawmakers and ethics watchdogs. Senator Elizabeth Warren and Representative Maxine Waters have raised concerns about potential conflicts of interest given President Trump’s position and influence over cryptocurrency policy.
American Bitcoin represents just one pillar of the Trump crypto ecosystem, which also includes World Liberty Financial, a decentralized finance platform; the Official Trump memecoin; and NFT collections. Representative Ro Khanna announced plans to introduce a resolution prohibiting Trump and his family from engaging in cryptocurrency business, citing concerns about “unprecedented” corruption.
President Trump, who once dismissed Bitcoin as a “scam” in 2021, has since positioned himself as the “crypto president” during his second term, appointing cryptocurrency advocates to key positions and softening regulatory stances.
Market Context and Future Outlook
The broader cryptocurrency market has shown renewed strength in recent days, with Bitcoin stabilizing around $115,200 after retreating from its all-time high of $126,272.76 reached on October 6, 2025. Improving U.S.-China trade relations and expectations for a Federal Reserve rate cut at the October 29 FOMC meeting have provided support for digital assets.
American Bitcoin’s current holdings position it as a significant player in the growing category of publicly traded companies adopting Bitcoin treasury models. The company has filed for an at-the-market equity offering of up to $2.1 billion to fund continued Bitcoin purchases and mining expansion.
Eric Trump recently stated that “at least 50 percent of what I’m doing now is focused on the crypto space,” signaling a long-term commitment to digital assets that represents a fundamental shift in the Trump Organization’s business priorities.
Source: Yahoo Finance, with additional reporting from CoinCentral, Benzinga, and cryptocurrency industry publications.
