Trump's American Bitcoin and Saylor's Strategy Add to Bitcoin Holdings

Core Insights - Prominent U.S. corporate bitcoin holders, American Bitcoin Corp. (ABTC) and Michael Saylor's Strategy (MSTR), have expanded their bitcoin positions recently, indicating a growing trend among publicly traded companies to invest in bitcoin [1][2]. Company Summaries - American Bitcoin Corp. (ABTC) purchased 1,414 BTC, increasing its total holdings to 3,865 BTC as of October 24. The company introduced a new metric called "Satoshis Per Share" (SPS) to provide shareholders with better insight into their indirect bitcoin exposure [1]. - Strategy (MSTR) acquired 390 BTC for $43.4 million at an average price of $111,053 per coin, raising its total holdings to 640,808 BTC, valued at approximately $71 billion. The company's year-to-date bitcoin yield is reported at 26% [2]. - American Bitcoin was formed from a merger between American Data Centers and Gryphon Digital Mining and listed on the Nasdaq in September. The company is facing scrutiny due to the recent downward pressure on bitcoin prices and increased regulatory oversight from exchanges [3]. Market Reactions - Following the announcement of its bitcoin purchase, ABTC's stock price increased over 10% to $6.20, aided by a rise in bitcoin's price, which reached $115,000 late on Sunday. In contrast, MSTR experienced a modest gain of around 1.8%, trading just below $295 [4].