American Bitcoin Stashes Over 8,000 BTC Following Record Q2 Run
American Bitcoin mined a record 932 BTC in Q2, pushing its treasury past 8,000 coins as revenue climbed to $67 million.
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Key takeaways
- American Bitcoin's total reserve reached 8,002 BTC after Q2 production.
- The firm mined a record 932 BTC during the second quarter.
- Quarterly revenue grew 8% to reach $67 million.
American Bitcoin just bumped its corporate reserve up to 8,002 BTC after a record-setting second quarter.
The miner pulled in 932 BTC over Q2, marking its highest quarterly yield yet. That production spike pushed revenue up 8% to $67 million for the period—giving the company enough cash cushion to stash its freshly minted coins away rather than dump them on the market to cover power bills.
Why it matters
When big miners hold their coins instead of selling to cover overhead, fresh supply stays off spot exchanges. For traders, watching corporate treasury stacks gives a clear, direct read on sell-side pressure and whether these firms actually believe their own hype.
Source: The Block
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