The mining company American Bitcoin supported by the Trump family announced the purchase of 1,414 Bitcoins.

The American Bitcoin mining company (American Bitcoin Nasdaq ticker ABTC) announced the acquisition of approximately 1,414 Bitcoins (BTC), supported by the Trump family. According to the latest data report, as of October 24, the company's total Bitcoin holdings have reached 3,865 coins, primarily from the company's mining operations and strategic acquisitions. This acquisition further solidifies the company's position among global Bitcoin holders, currently ranking ABTC as the 26th largest Bitcoin holder.

The United States Bitcoin launched a new indicator: per share Satoshi (SPS)

According to a press release from American Bitcoin, some Bitcoin assets are being custodied or staked based on an agreement reached with the mining hardware provider Bitmain. Following the announcement of this acquisition, the stock price of American Bitcoin Company (ABTC) surged rapidly to $5.96, reflecting market confidence in the company's future Bitcoin strategy. Additionally, the company has launched a new metric, Satoshis Per Share (SPS). This metric is designed to measure the amount of Bitcoin indirectly owned by each shareholder through their stock holdings. According to the official press release, the calculation method for SPS involves multiplying the total amount of Bitcoin held by the company by the Satoshi exchange rate (1 Bitcoin equals 100 million Satoshis), and then dividing that total by the number of ordinary shares issued by the company as of the measurement date. This metric helps shareholders understand the amount of Bitcoin they indirectly hold through their company equity.

American Bitcoin intends to acquire a company in Japan or Hong Kong for development and appreciation.

According to previous reports from the Financial Times, insiders say the company is exploring value-added opportunities in other regions, with Eric Trump's supported Bitcoin mining company American Bitcoin preparing for a strategic acquisition in Asia, focusing on target areas like Japan or Hong Kong.

BlackRock transfers $118 million Bitcoin to Coinbase

While Bitcoin companies in the U.S. are actively increasing their holdings of Bitcoin, the world's largest asset management company, BlackRock, is also adjusting its Bitcoin transfers. BlackRock transferred $118 million worth of Bitcoin to Coinbase Prime, which has raised market speculation. Some market analysts believe that these transfers may just be liquidity adjustments or ETF-related rebalancing operations; however, there are also views that the recent strong rebound in the Bitcoin market may prompt other institutions to engage in selling operations.

According to Coinspeaker, CryptoQuant data shows that nearly 7 million Bitcoins have returned to the profit zone, including about 5.1 million Bitcoins held by short-term holders. Analysts point out that short-term holders may hold for a longer period after gaining profits, which is a bullish signal for market sentiment. Analyst Ali Martinez has a different view, noting that the TD Sequential Indicator is currently showing that Bitcoin may face selling pressure in the short term. In such a market environment, Bitcoin's trend remains a focus of attention, especially for institutional investors and holders.

This article announces that the mining company American Bitcoin supported by the Trump family has acquired an additional 1,414 BTC, first appearing in Chain News ABMedia.