Particle.news
Download on the App Store

American Bitcoin Lifts Reserve to 4,783 BTC as SPS Rises; Shares Still Trail After Lock-Up Shock

Shares remain depressed after a lock-up expiry, underscoring the gap between rising reserves and market sentiment.

Overview

  • The company added about 416 bitcoin in the week ended Dec. 8, bringing total holdings to roughly 4,783 BTC through a mix of self-mined output and selective market purchases.
  • Satoshis Per Share rose to 507, up more than 17% in just over a month, providing a clearer read on bitcoin attributed to each outstanding share.
  • Reported holdings include coins in custody as well as BTC pledged under a miner purchase agreement with Bitmain, which affects immediately available liquidity.
  • ABTC shares remain well below recent highs after a Dec. 2 lock-up expiration sparked a sharp intraday selloff tied to newly tradeable pre‑merger shares.
  • Roth Capital initiated coverage with a Buy rating and a $4 price target, projecting—if the strategy scales—that reserves could reach about 26,000 BTC by late 2027.