Two major U.S. Bitcoin-holding firms — American Bitcoin Corp. and Michael Saylor’s Strategy — boosted their BTC reserves on Monday.
American Bitcoin announced the purchase of 1,414 BTC, raising its total to 3,865 BTC as of October 24, while introducing a “Satoshis Per Share” (SPS) metric to help investors gauge exposure.
Strategy, led by Michael Saylor, bought 390 BTC for $43.4 million at an average of $111,053 each, bringing its massive holdings to 640,808 BTC — worth about $71 billion. Its year-to-date yield now stands at 26%.
Formed through a merger involving Donald Trump’s sons, American Bitcoin listed on Nasdaq in September and saw its shares jump 10% to $6.20 after the news.
Despite regulatory scrutiny, these purchases show that corporate treasuries continue to see Bitcoin as a long-term store of value, even amid volatile prices.
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