Search results for American Bitcoin
Crypto
Trump-backed American Bitcoin presses ahead with mining expansion despite wider losses
Trump-backed bitcoin miner American Bitcoin (ABTC) has completed the rollout of 11,298 ASIC machines at its Drumheller facility in Alberta, Canada. The expansion raises its total ASIC holdings to about 89,242 and boosts computing power to 28.1 exahash per second. The company recently posted a $59.5 million net loss for 2025\'s fourth quarter. Its shares rose about 11.7 percent to around $1.38.
Crypto
Strategy takes 94% of listed firms\' bitcoin buying in March
Strategy, formerly MicroStrategy, bought 44,377 bitcoin in March, accounting for 94% of listed companies’ purchases, BeInCrypto reported. Listed firms bought more than 47,000 bitcoin in total, but net increases fell to about 25,000 as nine companies reduced holdings. Strategy funded purchases through $1.18 billion raised via STRC ATM and $396 million via MSTR ATM. Its holdings rose to 762,099 bitcoin, valued at about $52.36 billion at the reported price.
Crypto
Bitcoin hovers near $68,000 ahead of first-quarter close in wait-and-see market
Bitcoin stayed weak around $68,000 on March 31 ahead of the first-quarter close, after briefly dipping below $66,000, The Block Crypto reported. Ether moved near $2,035. Flows into spot bitcoin ETFs and ether products were limited. Corporate strategies diverged, with some selling and others increasing holdings. Analysts pointed to higher oil prices, inflation pressure and tight policy expectations, while thin liquidity made prices more sensitive to headlines.
