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Bitcoin treasuries return to action as American Bitcoin, Strive and Strategy deliver buying update
Bitcoin (BTC) digital asset treasuries (DATs) are returning to action following a slight recovery in the top crypto. American Bitcoin (ABTC), co-founded by the Trump brothers, acquired 416 BTC, worth about $38.5 million (based on prices at the time of publication), since its last update on December 2. The purchase has pushed the company's total holdings to 4,783 BTC as of December 8, making it the 22nd-largest BTC treasury, behind ProCap Financial, according to Bitcoin Treasuries data. American Bitcoin also reported a Satoshi Per Share (SPS) of 507, a 17.3% growth over the past month. SPS is the amount of BTC ... (full story)
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