🦅 American Bitcoin Isn't Selling $BTC Despite Weak Earnings The company reported a difficult quarter: revenue came in at $67 million, below expectations, while the company posted a $0.80 loss per share - much worse than analysts had forecast. Its stock has also fallen roughly 95% since going public. Despite that, management isn't changing its strategy... During the earnings call, CEO Mike Ho was asked whether the company would consider selling some of its Bitcoin - similar to the approach #Strategy has recently started using to support its capital structure. 💭 The answer was "no". Instead, the company said its main objective remains increasing Bitcoin per share. In Q2, total $BTC holdings grew 14%, while shares outstanding increased by only 3%, resulting in roughly 11% more Bitcoin backing each share. Noticed how different Bitcoin treasury companies can be? Some are starting to treat their BTC reserves as an actively managed balance-sheet asset. Others still see accumulating as the primary goal. As more public companies adopt Bitcoin treasury strategies, those differences in capital allocation may become just as important as the size of their BTC holdings. #BTC Price Analysis# #Macro Insights#