American Bitcoin Acquires 1,414 Bitcoin and Increases Strategic Reserve to 3,865 Bitcoin

Rhea-AI Summary

American Bitcoin (Nasdaq: ABTC) acquired approximately 1,414 Bitcoin, raising its strategic reserve to about 3,865 Bitcoin as of October 24, 2025. The company will publish periodic Satoshis Per Share (SPS) updates; SPS is reported at 418 with a 52% increase from September 1 to October 24, 2025. Bitcoin totals include coins from mining and strategic purchases and may be held in custody or pledged under a miner purchase agreement with BITMAIN. Share counts used for SPS reflect an adjustment tied to the September 3, 2025 merger exchange ratio.

The company said supplemental materials and ongoing SPS disclosures will be available via its investor website and social channels.

Positive

• Reserve increased by 1,414 Bitcoin (Sep 1–Oct 24, 2025)
• Total holdings of 3,865 Bitcoin as of Oct 24, 2025
• SPS rose 52% between Sep 1 and Oct 24, 2025

Negative

• 3,865 Bitcoin includes custody or pledged holdings under BITMAIN agreement
• Reported Bitcoin totals include purchases not yet settled
• SPS uses share count adjusted for the Sep 3, 2025 merger

Insights

Capital Markets Analyst

Company increased Bitcoin holdings by 1,414 to 3,865 and reports SPS of 418 (up 52%).

American Bitcoin increased its Bitcoin reserve by 1,414 coins, bringing total reported holdings to 3,865 as of October 24, 2025. The company will publish Satoshis Per Share (SPS), calculated by dividing total Satoshis by shares outstanding adjusted for the September 3, 2025 merger exchange ratio; the disclosed SPS is 418, a 52% increase from September 1 to October 24, 2025.

Primary dependencies and risks include the treatment of Bitcoin "held in custody or pledged" under the BITMAIN agreement and Bitcoin purchases that are noted as "not settled in wallet," both of which affect immediately available supply backing each share. The metric relies on the adjusted share count from the merger and on rounding conventions disclosed; any change to those inputs will move SPS materially.

Watch the company’s periodic SPS and Bitcoin reserve updates, settlement disclosures for recently purchased coins, and the status of Bitcoin pledged under the BITMAIN arrangement over the next reporting windows (near term, ongoing). These items will directly change per‑share backing and are the clearest monitorable milestones for assessing balance‑sheet backing of equity.

MIAMI, Oct. 27, 2025 /PRNewswire/ -- American Bitcoin Corp. (Nasdaq: ABTC) ("American Bitcoin" or the "Company"), a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure backbone, has acquired approximately 1,414 Bitcoin. As of October 24, 2025, the Company held approximately 3,865 Bitcoin acquired through Bitcoin mining and strategic purchases, which includes Bitcoin held in custody or pledged for miner purchases under an agreement with BITMAIN.

As part of its ongoing commitment to providing investors with visibility into shareholder value, American Bitcoin will now provide periodic updates to Satoshis Per Share ("SPS"), a metric that represents the amount of Bitcoin attributable to each outstanding share of the Company's common stock. SPS is calculated by multiplying the Company's total Bitcoin holdings by the Satoshi conversion ratio (1 Bitcoin equals 100,000,000 Satoshis), then dividing that total by the number of shares of the Company's common stock outstanding as of the measurement date. This measure provides shareholders with insight into their indirect ownership of Bitcoin through their equity in the Company.

"We believe one of the most important measures of success for a Bitcoin accumulation platform is how much Bitcoin backs each share," said Eric Trump, Co-founder and Chief Strategy Officer of American Bitcoin. "As part of that conviction, we are focused on providing transparent updates as we aim to increase our holdings."  

"What sets American Bitcoin apart from most traditional Bitcoin treasury vehicles is our integrated mining operations," said Asher Genoot, Executive Chairman of American Bitcoin. "By producing Bitcoin directly, we can reduce our average cost per Bitcoin to drive a cost advantage over vehicles that buy exclusively on the open market. That structural advantage allows us to compound Bitcoin value per share more efficiently for our investors."

Satoshis Per Share (SPS)^{1, 2, 3, 4}

	As of October 24, 2025	% Change        (September 1 to October 24,          2025)
Satoshis Per Share	418	52 %

Bitcoin Reserve^{2, 3, 4}

	Accumulated from September 1          to October 24, 2025	As of October 24, 2025
Bitcoin Reserve	1,414	3,865

Note: (1) Number of common shares issued and outstanding before the merger of American Bitcoin and Gryphon Digital Mining, Inc. on September 3, 2025 (the "Merger") have been adjusted to the reflect the Merger exchange ratio of ~14.4995; (2) Number of Bitcoin have been rounded to the nearest whole number; (3) Number of Bitcoin includes Bitcoin purchased but not settled in wallet; (4) Includes Bitcoin held in custody or pledged for miner purchases under an agreement with BITMAIN.

Supplemental Materials and Upcoming Communications

The Company expects to make available on its website and/or official social media channels certain materials and updates, including regarding its Bitcoin holdings, SPS, and related performance metrics. For important news and information regarding the Company, visit the Investor Relations section of the Company's website, abtc.com/investors, and its social media accounts, including on X, Instagram, and LinkedIn. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, some of which may contain material and previously non-public information.

About American Bitcoin

American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., is a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure platform. The Company delivers institutional-grade exposure to Bitcoin through an industry-first business model that integrates scaled self-mining operations with disciplined accumulation strategies. For more information, visit abtc.com and follow the Company on X at @ABTC.

Cautionary Note Regarding Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements, include, but are not limited to, statements relating to the Company's ability to update and grow its SPS.

Forward-looking statements are not statements of historical fact, but instead represent management's expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by the Company as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: the price of Bitcoin and concentration of Bitcoin holdings; failure to grow hashrate; the purchase of miners; competition from other methods of investing in Bitcoin; uncertainty in the development and acceptance of the Bitcoin network; reliance on third-party mining pool service providers; hedging transactions; Bitcoin halving events; failure to realize the anticipated benefits of the merger transactions; dependence on Hut 8; liquidity constraints and failure to raise additional capital; failure of critical systems; competition from current and future competitors; changes in leasing arrangements; hazards and operational risks; electrical power requirements; geopolitical, social, economic, and other events and circumstances; cybersecurity threats and breaches; Internet-related disruptions; dependence on key personnel; having a limited operating history; rapidly changing technology; predicting facility requirements; acquisitions, strategic alliances or joint ventures; operating and expanding internationally; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; stock price volatility; the Company's multi-class capital structure and status as a controlled company; and other factors that may affect the future business, results, financial position and prospects of the Company. Additional factors that could cause results to differ materially from those described above can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, the proxy statement/prospectus filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") on July 31, 2025, in the Company's Current Report on Form 8-K filed with the SEC on September 3, 2025 and in other documents filed by the Company from time to time with the SEC.

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SOURCE American Bitcoin Corp.

FAQ

How many Bitcoin did American Bitcoin (ABTC) acquire on Oct 27, 2025?

The company announced an acquisition of approximately 1,414 Bitcoin accumulated from Sept 1 to Oct 24, 2025.

What is American Bitcoin's total Bitcoin reserve (ABTC) as of Oct 24, 2025?

American Bitcoin reported a total reserve of about 3,865 Bitcoin as of Oct 24, 2025.

What is Satoshis Per Share (SPS) for ABTC and how did it change in Oct 2025?

SPS is 418, representing a 52% increase from Sept 1 to Oct 24, 2025.

Does ABTC's Bitcoin total include pledged or unsettled coins?

Yes. The company disclosed that totals include Bitcoin held in custody or pledged for miner purchases and purchases not yet settled.

How is SPS calculated for American Bitcoin (ABTC)?

SPS = total Bitcoin holdings × 100,000,000 Satoshis per Bitcoin ÷ outstanding common shares on the measurement date.

Where will ABTC publish future SPS and Bitcoin-holdings updates?

The company expects to post SPS and holdings updates on its investor relations website and official social media channels.