The most prominent US companies Bitcoin pairs BTC$114,385.17 Holders expanded their positions on Monday.
American Bitcoin Corp. (ABTC) announced the purchase of 1,414 BTC, bringing its total holdings to 3,865 BTC as of October 24th. The company also introduced a new “Satosis per Share” (SPS) metric to provide shareholders with clearer insight into their indirect Bitcoin exposure through share ownership.
Meanwhile, Michael Saylor Strategy (MSTR) revealed that it acquired 390 BTC for $43.4 million at an average price of $111,053 per coin, bringing its total holdings to 640,808 BTC, worth approximately $71 billion at current prices. Strategy’s year-to-date Bitcoin yield is currently 26%.
Strategy was the original public company to acquire large amounts of Bitcoin, and the model is now being imitated by many other companies, including American Bitcoin.
It was formed through the merger of American Data Centers, a venture run by President Donald Trump’s son, and Gryphon Digital Mining, whose mining company American Bitcoin went public on the Nasdaq in September.
Digital asset treasury companies are facing increased scrutiny, not only from recent downward pressure on BTC prices that has eroded the value of their holdings, but also from intense regulatory scrutiny by exchanges.
Helped by rising Bitcoin prices, ABTC soared more than 10% to $6.20 on Monday morning, but recovered to $115,000 by late Sunday. MSTR saw a more modest gain of about 1.8%, trading just below $295.
