American Bitcoin Corp (ABTC), the mining and treasury firm backed by Eric Trump and Donald Trump Jr., has significantly increased its Bitcoin holdings. The company announced on Wednesday, December 10, 2025, that it acquired approximately 416 BTC since its last update on December 2. This purchase, valued at around $38.3 million at current prices, brings the firm's total Bitcoin reserve to 4,783 BTC, worth approximately $440 million.
The acquisition cements ABTC's position within the top 25 public bitcoin treasury companies globally. This follows a previous purchase of 363 BTC the week prior, indicating an aggressive and ongoing accumulation strategy. The company highlighted that its "satoshis per share" metric, which shows how much bitcoin is attributable to each outstanding share of common stock, grew more than 17% month-over-month to 507.
Eric Trump, the company's Co-founder and Chief Strategy Officer, emphasized the strategic nature of the expansion. In a statement, he said, "With our Bitcoin reserve now at 4,783, we continue to scale at an exceptional pace. SPS [Satoshi Per Share] grew more than 17% in just over a month, and we added 416 Bitcoin in the past week—evidence of the strength and efficiency of our strategy." He further noted that in the three months since listing on Nasdaq, ABTC has built "one of the largest and fastest growing bitcoin accumulators."
The firm, which was formed as a majority-owned subsidiary of Hut 8 (HUT), went public through an all-stock reverse merger with Gryphon Digital Mining in September 2025. Existing shareholders, including the Trump brothers and Hut 8, own about 98% of the combined company. ABTC reiterated that its treasury figure includes bitcoin purchased but not yet settled, as well as bitcoin held in custody or pledged for miner purchases. The company's strategy focuses on building its bitcoin reserve primarily through its mining operations, supported by a $220 million equity raise conducted around the time of its merger.
This move is seen as part of a broader trend of growing corporate and institutional interest in Bitcoin as a treasury reserve asset, drawing comparisons to other public holders like MicroStrategy. Analysts suggest such large-scale acquisitions can strengthen market positions and influence investor sentiment toward similar corporate BTC holdings.
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