American Bitcoin Corp (ABTC), the publicly traded Bitcoin mining firm co-founded by Eric Trump and Donald Trump Jr., announced on Monday that it has surpassed a significant milestone, accumulating over 7,000 BTC in its corporate treasury. At current prices, this holding is valued at roughly $474 million, representing a more than 35% increase since the start of 2026.
The company has nearly tripled its Bitcoin holdings since its public debut on the Nasdaq in September 2025, when it held approximately 2,443 BTC. This rapid accumulation has propelled American Bitcoin to become the 16th largest publicly traded Bitcoin holder globally, surpassing Galaxy Digital in the rankings. The firm also highlighted that its "Satoshis per share" metric—measuring Bitcoin per outstanding share—has more than doubled since its IPO, reaching 660.
"The accumulation machine is running at full throttle—mining at a discount plus disciplined buying," Eric Trump posted on X, celebrating the 7,000+ BTC milestone achieved in under seven months since the Nasdaq debut.
Despite the growing crypto reserves, the company's stock (ABTC) tells a different story. Shares have fallen below the $1 threshold, trading at around $0.82-$0.84, marking its lowest point since the IPO. The stock has plummeted nearly 88% in the last six months and is down over 94% from its post-IPO peak of $14.52 reached on September 3, 2025. Year-to-date, the stock has lost more than 50% of its value.
American Bitcoin distinguishes itself from other corporate Bitcoin holders like MicroStrategy and Metaplanet by employing a self-mining strategy to accumulate BTC below spot prices through scaled operations. The company has expanded its fleet of ASIC mining machines in recent months to support this approach.
The firm was launched in the second half of 2025 as a majority-owned subsidiary of Hut 8, formed through a partnership with Eric Trump’s American Data Centers venture. Its path to public trading was facilitated by a stock-for-stock merger with the already-public Gryphon Digital Mining.
Financially, American Bitcoin posted a loss of more than $59 million in Q4 2025 as crypto prices declined from their autumn highs, a stark contrast to the $3.49 million profit reported the previous year. The company's holdings, while significant, remain less than 10% of industry leader MicroStrategy's treasury of 762,099 BTC.
