Nasdaq-listed American Bitcoin triples its treasury to 7,000 BTC

American Bitcoin (ABTC), listed on the Nasdaq since September 2025, has rapidly expanded its treasury holdings in recent months. The company's on-chain reserves have tripled to 7,000 BTC, placing it among the top 16 public Bitcoin treasuries worldwide.

The growth of ABTC's satoshis per share figure from under 200 to over 660 since its Nasdaq debut has also garnered attention. This metric measures how much bitcoin is attributable to each outstanding share, highlighting the company's increasing commitment to accumulating and holding cryptocurrency assets.

While ABTC's aggressive accumulation strategy may seem impressive, its market reaction diverges from its treasury growth. The stock price remains under pressure, down roughly 88% over the past six months, despite the rapid increase in on-balance-sheet bitcoin. Some investors view this divergence as an attractive opportunity to gain indirect exposure to bitcoin through a listed vehicle.