Bitcoin mining company purchases $38 million worth of BTC, reserves exceed 4,700 coins

Source: PortaldoBitcoin Original Title: Trump’s Son’s Company Purchases Over US$38 Million in Bitcoin Original Link: American Bitcoin, a Bitcoin mining and asset management firm, announced last week that it purchased approximately 416 new Bitcoins, increasing its reserves to 4,783 BTC (as of December 8, 2025).

The purchased amount is worth about $38 million at current prices, reinforcing the company’s rapid expansion. The company’s main shareholder is Hut 8, whose stock has been listed on Nasdaq for only three months.

In a statement, the company said its reserves include mined Bitcoin, strategic acquisitions, and assets held or pledged under an operational agreement with equipment manufacturer Bitmain.

Key Data: “With our reserves now reaching 4,783 BTC, we continue to expand at an extraordinary rate,” said the company executive in a statement. American Bitcoin also updated its Satoshis Per Share (SPS) metric, showing the amount of Bitcoin allocated per share of issued stock. According to the company, this figure has increased by over 17% in just over a month.

Despite the expanding BTC holdings, which have achieved a gross profit margin of 54.94% over the past twelve months, stock performance has been volatile. The stock price is $2.05, down 14.23% last week, and has declined a total of 68.02% since its IPO.

Recently, the company announced strong third-quarter results, with revenue reaching $64.2 million, compared to $11.6 million in the same period last year, net profit of $3.5 million, and a net loss of $600,000 in the same period of 2024.

The company stated it will continue providing updates on its reserves, SPS, and other performance metrics on its website and social media. American Bitcoin’s business model combines self-mining and accumulation strategies, maintaining strong exposure to BTC prices.