American Bitcoin (ABTC) stock price plummeted 60% in one month. Can expanding Bitcoin reserves stabilize investor confidence?

American Bitcoin (ABTC) experienced a dramatic adjustment over the past month, with its stock price declining over 60% to hover around $1.85. Within the last 24 hours, the stock price fell another 4.9%, raising concerns in the market about its business model and financial health. However, despite the worsening market sentiment, the company has quietly expanded its Bitcoin reserves, laying the foundation for its “Bitcoin Infrastructure Backbone Network” strategy.

According to the latest disclosures, as of December 8, 2025, ABTC holds approximately 4,783 Bitcoins, an increase of 416 Bitcoins in just the past week, representing significant growth. These Bitcoins have been acquired through mining, strategic purchases, and custody and collateral structures in cooperation with Bitmain. The company emphasizes that its core value is increasing in tandem with its Bitcoin reserves.

ABTC also highlights the “Satoshis Per Share” (SPS) metric, which quantifies the amount of Bitcoin per share to help investors distinguish between short-term stock price fluctuations and the underlying asset growth trend. Eric Trump stated that the SPS has increased by over 17% in the past month, demonstrating the company’s expansion speed and asset accumulation capability.

Despite the sharp decline in stock price, some analysts remain optimistic about ABTC’s medium- to long-term potential. Ross Capital publicly expressed a bullish view on the company, believing that the current adjustment could pave the way for future returns. However, it should be noted that Ross Capital has investment banking dealings with ABTC and its partner Hut 8, and serves as underwriter for Colombier Acquisition III SPAC, of which Donald Trump is a director, indicating a close financial relationship.

From a fundamentals perspective, ABTC’s latest Q3 performance was impressive. The company’s revenue surged to $64.2 million (more than five times year-over-year growth), and net profit turned positive, reaching $3.5 million, a significant improvement from a $600,000 loss in the same period last year. Eric Trump also emphasized that he has no intention of selling his personal holdings and maintains strong confidence in the company’s long-term strategy.

Overall, ABTC faces short-term market pressure, but its expanding Bitcoin reserves and improving financial performance provide some support in a volatile market. Investor sentiment will still be influenced by Bitcoin price trends and macro market risk appetite, and short-term fluctuations are expected to continue.