Bitcoin News Today: Trump-Backed Bitcoin Firm's Growth Drives Scrutiny Amid Regulatory Tensions

American Bitcoin Corp. (NASDAQ: ABTC) has significantly expanded its Bitcoin holdings, acquiring 1,414 BTC in recent transactions that bring its total reserves to 3,865 BTC as of October 24, 2025, according to a Seeking Alpha report. The company, backed by Donald Trump's sons Eric and Donald Trump Jr., attributes its growth to integrated mining operations and strategic purchases, which it claims reduce the average cost per Bitcoin compared to traditional treasury vehicles, according to an Investing.com article. This expansion has also driven a 52% increase in its Satoshis Per Share (SPS) metric, now at 418, since September 1, according to an Investing.com report.

The company's stock surged 7.8% in premarket trading following the announcement, reflecting investor confidence in its dual strategy of mining and purchasing Bitcoin. Asher Genoot, Executive Chairman, emphasized that producing Bitcoin directly through mining provides a "structural advantage," enabling the firm to compound value per share more efficiently than competitors reliant on open-market purchases. Eric Trump, Co-founder and Chief Strategy Officer, added that the SPS metric—calculated by converting total holdings to Satoshis and dividing by outstanding shares—is a critical indicator of shareholder value.

American Bitcoin's growth is underpinned by a 2.4-fold increase in mining capacity to 24 exahash per second, achieved through a merger with Gryphon Digital Mining, Inc. in September. The company also launched a $2.1 billion at-the-market equity program to fund further expansion. Despite a market capitalization of $92.57 million and a stock price of $5.62, analysts note the stock appears overvalued at current levels.

The firm's financials highlight strong liquidity, with a current ratio of 7.43 and a debt-to-equity ratio of 0.15. However, the Trump family's $1.5 billion stake in the company has drawn scrutiny, with critics alleging potential conflicts of interest. Meanwhile, political tensions persist: Rep. Ro Khanna (D-Calif.) announced plans to propose a resolution banning the president and his family from crypto trading, citing concerns over foreign influence.

As American Bitcoin continues to update investors on its Bitcoin reserves and SPS, the company faces a regulatory landscape in flux. President Trump's nomination of Michael Selig, currently SEC chief counsel for crypto, to lead the CFTC signals a potential shift toward pro-crypto policies, though bipartisan debates over oversight remain unresolved.