American Bitcoin Corp Amasses 6,039 BTC ($409M) While Shares Plunge 85%
American Bitcoin Corp. built a 6,039 BTC treasury worth $409 million within six months of its Nasdaq debut. Its share price has plunged 86% since listing due to Bitcoin’s bear market and the expiration of its lock-up period.
1. Record Bitcoin Treasury
American Bitcoin Corp. achieved a milestone of holding 6,039 BTC—valued at $409 million—within six months of its Nasdaq listing. This positions the firm among the fastest-growing public Bitcoin reserves globally, surpassing larger competitors’ accumulation pace in a fraction of the time.
2. Share Price Decline
Since debuting in September, American Bitcoin shares have collapsed 86%, reflecting pressure from the broader Bitcoin bear market and the expiration of the lock-up period, which allowed early investors to sell shares and realize gains.
3. Analyst Ratings and Upcoming Earnings
Despite the stock’s underperformance, Roth Capital and H.C. Wainwright initiated Buy ratings with $4 price targets. The company will report full-year 2025 earnings before markets open on February 26, offering investors fresh data on mining output and treasury growth.