American Bitcoin (ABTC) adds 1,414 Bitcoin worth $163 million to its holdings, now totaling 3,865 Bitcoin worth $446 million. ABTC continues strategic purchasing and mining despite Bitcoin price fluctuations. ABTC stock up over 11% to $6.20, outperforming in a volatile crypto market.

ABTC announces plans to provide updates on satoshis per share (SPS) to measure Bitcoin volume per outstanding share. Executive chairman Asher Genoot highlights advantage of direct Bitcoin production in reducing cost compared to open market purchases. ABTC formed by Trump brothers’ merger with Hut 8 and Gryphon Digital Mining.

Over 200 mining companies have emerged in 2021, capitalizing on the growing demand for digital assets. Strategy, with $73 billion in Bitcoin, adds 390 Bitcoin worth $43 million to its holdings. ABTC and Strategy part of a trend of companies diversifying into Bitcoin treasury management.

Read more at Yahoo Finance: Trump Sons’ American Bitcoin Stock Jumps After Adding $163 Million to BTC Treasury