American Bitcoin Corp. has expanded its Bitcoin reserves once again, adding 416 BTC and raising its total holdings to 4,783 BTC, valued at roughly $440 million based on current market prices. This latest purchase places the company slightly ahead of GameStop in the ranking of publicly reported Bitcoin treasuries.
American Bitcoin Moves Ahead of GameStop
Data from BitcoinTreasuries shows that GameStop holds 4,710 BTC, worth an estimated $434 million. With its new additions, American Bitcoin now leads by 73 BTC, a difference of about $6.7 million.
Eric Trump, co-founder and chief strategy officer, described the expansion as part of a broader, aggressive accumulation strategy. He highlighted that the firm’s Satoshis Per Share (SPS) has grown more than 17% in just over a month. He also emphasized that American Bitcoin has quickly become one of the fastest-growing BTC accumulators since its Nasdaq listing three months earlier.
Trump noted the company’s cost structure and growing margins, arguing they position the firm for long-term value creation. He reiterated confidence in continued expansion, referencing previous comments in which he said, “Now is a great time to buy Bitcoin.”
Shares of ABTC closed 1.49% higher on December 9, although recent trading has faced some pressure as pre-merger private placement shares enter the market.
Strive Launches $500 Million Offering to Accelerate Bitcoin Purchases
Strive Asset Management, linked to Vivek Ramaswamy, also announced major financing aimed at strengthening its Bitcoin strategy. The firm revealed plans to issue $500 million in preferred stock, with proceeds earmarked for Bitcoin purchases and general corporate purposes, including investments in Bitcoin-related products.
According to BitcoinTreasuries data, Strive currently holds 7,525 BTC, valued at approximately $695.93 million, making it the 14th-largest corporate Bitcoin holder. The company said it intends to acquire income-producing assets and potentially finance new corporate or technology acquisitions, though it did not specify targets.
Strive’s Bitcoin strategy has been developing since its merger announcement in May. The firm later revealed ambitions to purchase 75,000 BTC worth of claims related to the Mt. Gox bankruptcy case, signaling a long-term commitment to expanding digital asset exposure.
