This document presents an enhanced version of Absolute Moment Block Truncation Coding (AMBTC) for image compression, improving the quality of reconstructed images significantly by increasing the number of quantizers from 2 to 4 and preserving more statistical moments. The proposed method demonstrates better Peak Signal-to-Noise Ratio (PSNR) and bits per pixel (bpp) compared to existing AMBTC techniques, with a final performance of 1.75 bpp and a PSNR of 34.83 after multiple compression levels. Experiments conducted on standard images show consistent improvements across various test cases.