Overview
- American Bitcoin Corp, which announced Monday that its reserve topped 7,000 BTC, valued the stash near $475 million at recent prices.
- Since its 2025 Nasdaq debut, the company says holdings nearly tripled and satoshis per share, a per-share bitcoin exposure metric, more than doubled.
- The miner bought over 11,000 new mining computers (ASICs) this month and is targeting about 89,000 rigs and roughly 28 EH/s to boost self-mined output.
- The firm now ranks about No. 16 among public companies holding bitcoin, based on bitcointreasuries.net tracking.
- Shares have dropped more than 90% from their peak since the debut after a recent quarter logged a $227 million non-cash write-down and a $59 million net loss.