American Bitcoin Corp has significantly increased its Bitcoin reserves, purchasing an additional 261 BTC to bring its total holdings to 5,044 Bitcoin. At the time of reporting, with Bitcoin trading near $89,700, the company's stash is valued at over $450 million. This strategic accumulation during a market dip where Bitcoin fell as low as $85,600 has propelled the firm to the 21st position on the Bitcoin 100 list of corporate holders.
The company, founded in March 2025 and backed by Donald Trump Jr. and Eric Trump, now sits just behind Semler Scientific, which holds 5,048 BTC. In a post on X, American Bitcoin confirmed the purchase and noted it had surpassed the holdings of entities like the Gemini exchange and Gamestop, and specifically passed ProCap Financial in its rankings.
Despite the growing Bitcoin treasury, the company's stock has faced significant pressure, dropping about 64% over the past month. This decline is attributed to the release of pre-merger private placement shares into the public market following its public listing via a reverse merger with Gryphon Digital Mining. Shares saw a slight premarket uptick on the news before plunging 4% as Bitcoin's price fell.
The news highlights the continued trend of corporate Bitcoin accumulation. Strategy, the largest corporate holder, also resumed significant buying, acquiring 10,645 BTC at a cost of $980 million on Monday—its highest purchase since July 29. Top public corporate holders now collectively control more than 1.08 million BTC.
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