🧐 Why Is American Bitcoin Flying?

Plus, MSTR is trying to reverse its downtrend.

Happy Monday!

American Bitcoin, the miner linked to the Trump family, is surging on Monday after announcing a fresh Bitcoin purchase: here are the details.

MSTR is looking to reclaim $300 as the stock is up 2% on the latest BTC acquisition: can MSTR reverse its downtrend?

Plus, if you’d like to learn more about how to identify both underpriced value and accelerating momentum to find opportunities in the current market cycle, check out this webinar.

TOP STORY

American Bitcoin Corp. climbed more than 11% on Friday to close near $5.62, and extended gains pre-market Monday (up 5% to $5.88) as investors responded to fresh treasury disclosures showing the company’s Bitcoin holdings rising to 3,865 BTC.

The Miami-based Bitcoin accumulation firm said it added 1,414 BTC to its balance sheet, bringing total reserves to 3,865 BTC as of Oct. 24. 

The update follows new disclosures about the company’s Satoshis Per Share (SPS) metric, designed to provide transparency into how much Bitcoin backs each share of common stock.

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin are consolidating their generous weekend gains ahead of a big week: here’s what’s driving the market today.

Shiba Inu and Dogecoin are in the news again as burn rates and prices soar: what is going on with the memecoins?

XRP is up 7% in one week and may rise higher soon: how much can XRP run?

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FINTECH FOCUS

Strategy Inc. traded near $296 on Monday afternoon, up 2.6%, after the company disclosed a new Bitcoin purchase worth $43.4 million.

The company announced in its latest SEC Form 8-K filing that it acquired 390 Bitcoin between Oct. 20 and 26 for roughly $43.4 million, at an average price of $111,053 per coin.

As of Oct. 26, Strategy holds 640,808 BTC, purchased for about $47.44 billion at an average cost of $74,032 per coin.

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