American Bitcoin (ABTC) has expanded its Bitcoin holdings by purchasing 1,414 BTC, valued at approximately $163 million. This acquisition increases the company's total Bitcoin reserves to 3,865 BTC, worth about $446 million. ABTC, a public entity supported by Donald Trump Jr. and Eric Trump, emerged from the merger of Hut 8 Corp and Gryphon Digital Mining. The company engages in both purchasing and mining Bitcoin, utilizing a 'Satoshis per share' metric to monitor its holdings. Following this announcement, ABTC's stock surged over 11% in a single trading session.