American Bitcoin said it bought 1,414 BTC for about $163 million. The update put total holdings at 3,865 BTC. At recent prices near $115,522, the stash equals almost $445 million.
The company disclosed the purchase on Monday. It presented hard numbers on units, cost, and value. It did not add projections or timelines.
The filing framed a steady accumulation plan. It highlighted cash deployed and Bitcoin acquired. It did not change prior disclosures on risk or custody.
Eric Trump emphasizes Bitcoin-per-share as a key American Bitcoin metric
Eric Trump, chief strategy officer at American Bitcoin, underscored one metric. He pointed to Bitcoin-per-share as central for the platform. He linked the measure to shareholder tracking.
“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.
The company tied reporting to this ratio. It said the ratio reflects units held against shares outstanding. It did not provide targets for future changes.
The statement focused on clarity for investors. It kept attention on countable Bitcoin exposure. It did not discuss buy frequency or cadence.
Hut 8 stake deal seeded American Bitcoin with mining hardware
American Bitcoin took shape in March through a Hut 8 transaction. Hut 8 took a majority stake. In exchange, American Bitcoin received mining hardware.
The transfer gave American Bitcoin immediate operating assets. It combined a mining footprint with a Bitcoin treasury approach. The company maintained that structure after the deal.
The parties did not detail added cash terms in this update. They kept emphasis on hardware and holdings. Reporting stayed on asset counts and ownership.
Nasdaq ABTC listing followed Gryphon Digital Mining merger
American Bitcoin listed on Nasdaq in early September as ABTC. The listing followed a stock-for-stock merger with Gryphon Digital Mining. Shareholders approved the merger in late August.
Trading was volatile on day one. ABTC closed up over 16% after five volatility halts. Intraday, the share price surged by 85% before easing.
Ahead of the merger, Gryphon stock rallied about 230%. The combination retained the American Bitcoin name. The new ticker ABTC reflected the combined business.
American Bitcoin charts show Bitcoin treasury growth and reporting cadence
The company published holdings charts with the notice. The charts showed stepwise increases in the Bitcoin treasury. They aligned with the stated totals of 3,865 BTC.
American Bitcoin framed the disclosure as routine. It said the numbers support Bitcoin-per-share tracking. It did not add new accounting notes.
The update did not list custody providers. It did not outline audit dates. It kept scope on units, cost basis, and valuation.
Political links: Eric Trump, Donald Trump Jr., and policy reactions
American Bitcoin lists Eric Trump and Donald Trump Jr. as co-founders. Those ties keep attention on the platform. They also place the Bitcoin treasury in a political context.
Coverage also referenced President Trump and digital assets. It cited his role as policymaker and investor. It noted related reactions to recent decisions.
One reaction addressed the pardon of Changpeng “CZ” Zhao after a guilty plea on U.S. Anti-Money Laundering violations. Representative Maxine Waters criticized the decision. She called it “an appalling but unsurprising reflection of his presidency” and said Trump is “doing massive favors for crypto criminals.”
Regulatory backdrop: Michael Selig, CFTC, and American Bitcoin exposure
Separate reports said Trump plans to nominate Michael Selig to chair the CFTC. Sources described Selig as pro-crypto based on prior work. The role would oversee U.S. derivatives markets tied to Bitcoin.
This regulatory thread sits alongside the American Bitcoin update. The company focused on holdings and the Bitcoin-per-share ratio. It did not link operations to any pending nomination.
Investors now track ABTC disclosures, 3,865 BTC holdings, and new purchases. They also monitor Nasdaq ABTC trading and volatility halts. The next filings are expected through regular channels.
