American Bitcoin Corp. (Ticker: ABTC) recently disclosed a new round of holdings — this time acquiring 416 Bitcoin, bringing their total inventory to 4,783 BTC. Some of these coins are self-mined, while others are strategically purchased and currently managed through custody or collateralized in equipment procurement agreements. But the overall approach is clear: continuously increasing their position.
Notably, ABTC also updated a metric called SPS — Satoshis Per Share, which essentially indicates how many satoshis each share corresponds to. This metric is quite straightforward; shareholders can instantly see how much Bitcoin exposure they have indirectly.
From the company's public statements, their stance is quite firm: they will continue to promote long-term growth plans, consolidate their industry position, and their reserves will only grow, not shrink.
Honestly, the logic behind such firm accumulation of Bitcoin by mining firms is quite simple — they are closest to the mining machines, closest to the costs, and closest to the trend. Since they are still increasing their holdings without hesitation, it's likely they see further ahead than the market.
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GateUser-75ee51e7
· 12-11 15:50
4,783 coins, you must be really confident to go all-in like that.
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TokenVelocity
· 12-10 14:52
Mining companies are really greedy. 4783 coins still aren't enough? This pace isn't about accumulating coins; it's about betting on the next wave.
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GateUser-a180694b
· 12-10 14:47
This move by the mining company really doesn't seem to be a joke.
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HashRateHermit
· 12-10 14:31
Damn, 4783 coins? That's a really aggressive hoarding strategy. Even the mining companies are so fierce, I have to catch up!
Mining companies are making new moves again.
American Bitcoin Corp. (Ticker: ABTC) recently disclosed a new round of holdings — this time acquiring 416 Bitcoin, bringing their total inventory to 4,783 BTC. Some of these coins are self-mined, while others are strategically purchased and currently managed through custody or collateralized in equipment procurement agreements. But the overall approach is clear: continuously increasing their position.
Notably, ABTC also updated a metric called SPS — Satoshis Per Share, which essentially indicates how many satoshis each share corresponds to. This metric is quite straightforward; shareholders can instantly see how much Bitcoin exposure they have indirectly.
From the company's public statements, their stance is quite firm: they will continue to promote long-term growth plans, consolidate their industry position, and their reserves will only grow, not shrink.
Honestly, the logic behind such firm accumulation of Bitcoin by mining firms is quite simple — they are closest to the mining machines, closest to the costs, and closest to the trend. Since they are still increasing their holdings without hesitation, it's likely they see further ahead than the market.