What to know : American Bitcoin added 54 BTC to its stack during yesterday's selloff. The company now holds 5,098 bitcoin worth just under $450 million at bitcoin's current price of $87,600. ABTC stock continues to reel after the recent share unlock combined with bitcoin's tumbling price.
American Bitcoin Corp (ABTC) acquired another 54 bitcoin during Monday's sharp selloff, bringing its total stack to 5,098 coins worth just less than $450 million based on BTC's current price of $87,600.
That places the company, co-founded by Eric Trump, who serves as its chief strategy officer, in the top 20 of publicly-traded bitcoin treasury firms, according to bitcointreasuries.net.
The Nasdaq listed firm said its accumulated holdings were acquired through a combination of self mining and targeted purchases, including bitcoin held in custody or pledged under a miner purchase agreement with Bitmain.
The company also highlighted a 96.5% bitcoin yield since its Nasdaq debut, alongside 533 satoshis per share as of Dec. 14. Bitcoin yield tracks the percentage change in satoshis per share over time. While satoshis per share measures the amount of bitcoin attributable to each outstanding share.
Despite bitcoin's gains on Tuesday, ABTC is down another 2.7% Tuesday, continuing to reel after an unexpected stock lock-up expiration two weeks ago. Shares are down nearly 60% since.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
