American Bitcoin Corp has increased its Bitcoin reserves to 3,865 BTC, now valued at approximately $445 million. The company added nearly 1,400 BTC since September as part of its consistent accumulation plan.
Emerging from a Hut 8 spinoff earlier this year, the firm has rapidly grown into a major player among public Bitcoin holders. It now ranks as the 26th-largest corporate holder worldwide, marking a steep climb from its launch position.
Company executives have announced that the corporation will emphasize both mining efficiency and the expansion of Bitcoin ownership per share. This change is related to a new metric, Satoshis Per Share (SPS), to provide investors with clarity on shareholder value.
In calculating SPS, the company multiplies the total Bitcoins held in its custody by 100,000,000 and divides the result by the outstanding shares. This method allows investors the ability to see how much Bitcoin each share represents.
Eric Trump, co-founder and chief strategy officer of American Bitcoin, said the company’s main goal is to increase Bitcoin per share. He stated that the firm’s success depends on how much Bitcoin supports each share of stock. Trump added that American Bitcoin would provide regular SPS updates to keep shareholders informed of their indirect Bitcoin exposure.
The decision aligns with the company's broader objective of elevating shareholder trust through transparent disclosure. The company emphasizes measurable value over potential growth, viewing itself as both a miner and an accumulator. The value proposition is a blended mining outcome with an accumulation approach, based on treasury, an unconventional model in the mining space.
The SPS introduction stands out amid investors' growing interest in public companies using Bitcoin-backed metrics as an accurate measure of corporate value. Furthermore, the SPS announcement provides distinct insight into how the company intends to balance growth with transparent financial reporting.
American Bitcoin's latest growth phase includes aggressive expansion of mining capacity and articulation of strategic acquisitions. Earlier this year, the company merged with Gryphon Digital Mining as a stock-for-stock merger.
Under the agreement, Gryphon shareholders now own 2% of the new entity, while American Bitcoin shareholders retain 98%. The merger combines Gryphon’s advanced mining operations with American Bitcoin’s capital strength and reserve base.
Additionally, the company pledged part of its Bitcoin holdings to Bitmain for a $314 million order of 16,299 Antminer U3S21EXPH units. These machines will be installed at Hut 8’s Vega site in Texas, a 400-megawatt facility central to its expansion strategy. Once active, the site will contribute to American Bitcoin’s target of reaching 25 EH/s of proprietary hashrate.
At the time of the Hut 8 carve-out, American Bitcoin held roughly 500 BTC. By August, it had acquired an additional 1,726 BTC, valued at approximately $205 million. The accumulation reflects a broader shift among Bitcoin-focused corporations from short-term speculation to long-term balance-sheet integration.
As the company continues to expand, one key question emerges: Can this hybrid model of mining and accumulation redefine how corporations measure Bitcoin-backed equity?
American Bitcoin Corp’s surge to 3,865 BTC and the introduction of the Satoshis Per Share metric mark a shift toward transparency and growth. With its hybrid mining and accumulation model, the company continues redefining how Bitcoin-backed equity drives corporate value.
Read More: American Bitcoin, Backed by Trump Sons, Prepares NASDAQ Listing Through Gryphon Merger