The firm said it has approximately tripled its Bitcoin holdings since its public debut and has more than doubled its “satoshis per share,” a metric which tracks its Bitcoin holdings compared to shares outstanding. That metric utilizes Bitcoin’s smallest unit, a satoshi, or 1/100,000,000 of a full Bitcoin.
7,000+ Bitcoin secured.
#16 largest public Bitcoin treasury in the world.
All achieved in under 7 months since our Nasdaq debut.
Despite its growing holdings of the top crypto asset, shares in the firm have not responded positively, falling nearly 88% in the last six months and 94% from post-IPO high mark of $14.52.
Shares wicked up to $14.52 on September 3 as part of nearly a 100% surge on its opening day, before they settled up around 34% on the day. During that time, ABTC trading was halted seven times on account of the price volatility.
Bitcoin is up 1.3% in the last 24 hours, changing hands around $67,336. It remains more than 46% off its all-time high of $126,080, set last October.
