Last week, American Bitcoin bought another 363 BTC, thereby getting into the top 20 corporate holders of the flagship cryptocurrency. According to Bitcoin Treasuries, the company previously surpassed Anthony Pompliano's ProCap Financial and took 21st place, and then entered the top 20.

From the moment of its listing to December 14th, American Bitcoin reported a 96.5% BTC return. This is an indicator used by crypto treasury companies to measure the growth of bitcoin reserves relative to outstanding stocks.

The number of satoshis per American Bitcoin share increased by more than 24% in a month to 533. This indicator shows traders how much BTC is accounted for each outstanding ordinary share. According to the company's representatives, this gives them a clearer idea of the indirect ownership of BTC through shares.

Eric Trump, co-founder and director of strategy at American Bitcoin, said that the company has achieved significant growth despite falling stock prices. He said that in just three months since the initial public offering (IPO) on the Nasdaq stock exchange, the company has surpassed dozens of other companies.

American Bitcoin was established as a subsidiary of Hut 8, which was majority owned by the parent company. In September, the company went public as a result of a reverse merger with Gryphon Digital Mining. The company stated that they plan to further increase their bitcoin reserve through mining and purchases on the market.