Key Highlights
- American Bitcoin says it now holds more than 8,000 BTC.
- The company reported that its Bitcoin reserve and Bitcoin per share have nearly tripled since its Nasdaq debut.
- The update follows a 1-for-15 reverse stock split that became effective on July 2.
American Bitcoin Corp. (Nasdaq: ABTC) says it has added 500 Bitcoin to its treasury, bringing its total holdings above 8,000 BTC as the company continues expanding its long-term digital asset strategy.
In a post on X, the company said its Bitcoin reserve has grown more than three times since its Nasdaq debut. It also reported that Satoshis per share, a metric that measures the amount of Bitcoin backing each share, has nearly tripled over the same period.
Bitcoin treasury continues to expand
According to BitcoinTreasuries.net, the company added 500 BTC to its balance on July 6, increasing its holdings from 7,500 BTC to 8,000 BTC, a 6.67% increase from a single treasury purchase.
The latest accumulation values the company’s Bitcoin holdings at approximately $509 million, maintaining its position as the 16th-largest publicly traded corporate Bitcoin holder. ABTC shares rose 8.49% to $9.14 during Nasdaq trading on July 6, lifting the company’s market capitalization to approximately $7.33 billion, according to Nasdaq.
Earlier this year, the Miami-based company disclosed that it had accumulated 7,000 BTC, making it the 16th-largest publicly traded corporate Bitcoin holder at the time. Despite reaching that milestone, the company’s shares continued to underperform, highlighting a growing disconnect between its expanding Bitcoin reserves and investor sentiment.
More recently, on July 2, American Bitcoin announced a 1-for-15 reverse stock split, which became effective the same day. The company’s Class A shares began trading on a split-adjusted basis on Nasdaq on July 6. While the reverse split reduced the number of outstanding shares and increased the per-share price, it did not change shareholders’ proportional ownership.
Bitcoin-first strategy remains unchanged
American Bitcoin has continued to position its business around increasing shareholder exposure to Bitcoin rather than prioritizing traditional financial metrics. Unlike many Bitcoin mining companies that periodically sell Bitcoin to fund operations, the company has emphasized treasury growth and Bitcoin per share as key measures of long-term value creation.
The latest update suggests management remains committed to that strategy even as retail investors continue focusing on the company’s share price following the recent reverse stock split. As American Bitcoin grows its Bitcoin reserve beyond 8,000 BTC, investors will likely continue watching whether the company’s Bitcoin-first approach eventually translates into stronger stock market performance.
Also read: Strive Nears 20,000 BTC After Its Latest Bitcoin Purchas
