Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC
American Bitcoin Corp (Nasdaq: ABTC) recently announced that it has increased its treasury holdings to over 8,000 bitcoin, marking a significant milestone for the company. This represents a substantial growth from around 5,401 BTC at the end of 2025, showcasing a nearly 50% increase in just six months.
As a majority-owned subsidiary of Hut 8 Corp and backed by the Trump family, American Bitcoin Corp has seen its bitcoin reserves and bitcoin-per-share metrics nearly triple since its debut on the Nasdaq. Co-founder Eric Trump has emphasized the disciplined and substantial nature of this growth.
The company’s strategy for building its bitcoin stack involves two primary channels: mining production and treasury purchases. In the first quarter of 2026, American Bitcoin Corp mined 817 BTC and added 1,620 BTC to its reserve, marking a 30% increase in just three months. This momentum has continued into the summer months.
To support its treasury ambitions, the company has expanded its mining capacity. By deploying 11,298 ASIC miners at its site in Drumheller, Alberta, American Bitcoin Corp increased its capacity by approximately 12% and added 3.05 EH/s of mining power. Additionally, the cost to mine a single bitcoin decreased to about $36,200 in the first quarter, down 23% from the previous quarter.
Despite these impressive metrics, the company reported a net loss of $81.8 million for the first quarter on revenue of $62.1 million, reflecting the broader decline in the crypto market and the significant investment required for expansion.
In a strategic move, American Bitcoin Corp implemented a 1-for-15 reverse stock split on July 2, reshaping its share structure. This decision distinguishes the company from competitors in the mining industry that have shifted focus to artificial intelligence data centers. Instead, American Bitcoin Corp has reaffirmed its commitment to bitcoin mining and treasury accumulation, aligning its success with the performance of the digital asset.
With over 8,000 BTC in its treasury, American Bitcoin Corp ranks among the largest corporate holders of bitcoin and has even surpassed Galaxy Digital at certain points. The company positions itself as a pure-play bitcoin accumulation platform, offering public investors exposure to both mining output and a growing reserve.
The success of this model ultimately hinges on the trajectory of bitcoin’s price and the company’s financial discipline. For now, American Bitcoin Corp continues to see its treasury holdings grow, with shares of ABTC up 7% at the time of writing.
