Overview
- American Bitcoin added about 416 BTC in the week ended Dec. 8, taking disclosed holdings to roughly 4,783 BTC through a mix of self-mining and market purchases.
- Satoshis Per Share increased to 507, up more than 17% in just over a month, offering a clearer read on bitcoin attributable to each share.
- The reported total includes purchased-but-not-settled coins and BTC held in custody or pledged under a Bitmain miner-purchase arrangement.
- ABTC shares suffered a sharp sell-off tied to the Dec. 2 lock-up expiry, with reports of an intraday drop near 39–50% and declines of roughly 60–70% over the past month.
- Roth Capital initiated coverage with a Buy rating and a $4 target, projecting holdings could reach about 26,000 BTC by late 2027, and disclosures note Roth’s prior banking ties to ABTC, Hut 8 and a SPAC involving Donald Trump Jr.