Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Mining companies are making new moves again.
American Bitcoin Corp. (Ticker: ABTC) recently disclosed a new round of holdings — this time acquiring 416 Bitcoin, bringing their total inventory to 4,783 BTC. Some of these coins are self-mined, while others are strategically purchased and currently managed through custody or collateralized in equipment procurement agreements. But the overall approach is clear: continuously increasing their position.
Notably, ABTC also updated a metric called SPS — Satoshis Per Share, which essentially indicates how many satoshis each share corresponds to. This metric is quite straightforward; shareholders can instantly see how much Bitcoin exposure they have indirectly.
From the company's public statements, their stance is quite firm: they will continue to promote long-term growth plans, consolidate their industry position, and their reserves will only grow, not shrink.
Honestly, the logic behind such firm accumulation of Bitcoin by mining firms is quite simple — they are closest to the mining machines, closest to the costs, and closest to the trend. Since they are still increasing their holdings without hesitation, it's likely they see further ahead than the market.