American Bitcoin (ABTC), a bitcoin mining company, bought an additional 500 bitcoins, lifting its holdings to about 8,000 BTC.

On July 6, local time, blockchain outlet Cryptopolitan reported that the purchase brought American Bitcoin's bitcoin holdings to 8,000. Based on BitcoinTreasuries data, the company’s holdings are valued at about $495.7 million. That made American Bitcoin the 16th-largest bitcoin holder among listed companies.

American Bitcoin trades on Nasdaq under the ticker ABTC. The company said on X, formerly Twitter, that its bitcoin reserve has grown more than threefold since its Nasdaq debut, and satoshis per share have also risen about threefold over the same period. Eric Trump (에릭 트럼프) helped launch the company, and Canadian miner Hut 8 holds a controlling stake.

Even so, the share price has remained weak, separate from the increase in its bitcoin stockpile. American Bitcoin carried out a 15-for-1 reverse stock split on July 2 to meet Nasdaq’s $1 minimum bid rule. After the split, the stock started trading on July 6 at about $7.70, and was reported to be about 91 percent lower than at the time it listed via a special purpose acquisition company merger.

Other companies promoting bitcoin treasury strategies also kept buying. Strive, led by Chief Executive Matt Cole (맷 콜), said it bought an additional 17.76 BTC last week, lifting total holdings to 19,882. Strive said it bought 6,236 bitcoins in the second quarter, and a metric it called “BTC yield” was 24.0 percent. It said the amplification ratio for the same quarter was 67.2 percent.

Strategy, by contrast, reduced its bitcoin holdings to secure cash and funds for dividends. Strategy disclosed in a filing with the U.S. Securities and Exchange Commission that it sold 3,588 BTC from June 29 to July 5. Proceeds were used for preferred stock dividend payments and to increase cash-like assets.

The company also sold 1,363 BTC at the end of June for $80.8 million, at an average price of $59,256 per coin. It then sold another 2,225 BTC from July 1 to 5 for $135.2 million, at an average price of $60,773 per coin.

Strategy is running a monetisation programme that allows it to sell up to $1.25 billion of bitcoin to meet dividend and debt repayment obligations. This sale was carried out within that framework. The company reported a loss of $8.32 billion in its digital assets segment in the second quarter, most of it from valuation losses. As of June 30, the book value of its bitcoin was $49.67 billion.

The companies’ moves show that bitcoin treasury strategies are increasingly splitting beyond a simple race to hold, into tools for fundraising, dividends and liquidity management. In June, listed companies added about 9,000 bitcoins. Strategy’s purchase of 3,625 was the largest, followed by Strive with 3,364. In this environment, latecomers such as American Bitcoin are expanding holdings, while large holders are also selling to manage dividends and cash.

8,000+ BTC and rising. Since our Nasdaq debut: >3x growth in Bitcoin Reserve ~3x growth in Satoshis per Share The mission hasn’t changed. $ABTC pic.twitter.com/rQhLvYa6NI